Neonet Securities and LiquidMetrix create industry leading Enhanced Algorithmic Trading Suite

Nov. 12, 2013 - PRLog -- Neonet Securities and LiquidMetrix announce partnership to create industry leading Enhanced Algorithmic Trading Suite

Neonet Securities, the European specialist in execution services and LiquidMetrix, the London based financial research and performance measurement company, today announce that they will collaborate on the creation of a new enhanced suite of trading algorithms. This unique partnership will provide clients with the established expertise in Electronic Trading of Neonet Securities coupled with the market leadership in Quantitative Research and Analysis of LiquidMetrix.

"Neonet's innovative electronic trading infrastructure and smart order routing technology will leverage the highly respected quantitative pre- and post-trade analysis models and the unique database of order book data from LiquidMetrix.  We believe that this represents a fully differentiated offering for our clients, focused on delivering the highest quality of execution, combined with conflict-free interaction with liquidity" says Tim Wildenberg, newly appointed Chief Executive Officer at Neonet Securities.

"This fresh collaboration between our two firms sets a new benchmark in the European market, by taking advantage of rigorous quantitative methods to design and implement algorithms, using inputs based on statistical micro-structure models and feedback loops based on measuring and optimising performance. This coupled with working with an independent brokerage organisation provides a new direction in how firms should deal with trading performance measurement and review. Neonet, as early adopters of the LiquidMetrix platform, fully recognise us as a reliable and trusted third party provider to review execution quality." says SabineToulson, Co-Founder and Managing Director, at IFS LiquidMetrix.

"LiquidMetrix believes this initiative is a natural expansion of our activities in the TCA world.” continues Sabine. “We have always believed that the true purpose of TCA is not just to provide assurance of reasonable execution, but to become a means for improving trading performance. We are excited to be working with Neonet to put this into practice and to create a new breed of self-optimising algorithms, with performance measurement central to their design."

"We are excited at the prospect this offers for us to assist our clients in achieving true best execution amidst a more complex European trading landscape,” says Massimiliano Raposio, Head of Sales at Neonet Securities. "It is a unique opportunity for us to bring unconflicted agency execution and best-of-breed independent quantitative capabilities to new and existing algorithmic trading clients.”

About IFS LiquidMetrix
IFS LiquidMetrix are experts in financial market data research and execution quality analysis. IFS developed the LiquidMetrix suite of services focussed on execution quality assessment, transaction cost analysis and pre-trade cost prediction across increasingly fragmented global equity markets.The product suite has recently been extended to include detection and alerting on patterns of market abuse to meet the MAD, MiFIR and ESMA guidelines.
The IFS LiquidMetrix Pre and PostTrade Analysis services are made possible through our suite of proprietary tools for optimal storage and retrieval of trades, and full depth order book data from multi-terabyte databases of equity venue data. The LiquidMetrix products allow brokers as well as trading firms to monitor and compare the performance of their order routing technology, algorithms and DMA brokers, and to make informed decisions on achieving the best possible prices.

For further information, visit www.liquidmetrix.com

About Neonet Securities
Neonet Securities is a specialist in execution, offering a unique range of services in the rapidly changing electronic trading landscape.
As an independent agency broker, we deliver transparent and conflict-free execution services to the trading community, as we do not engage in any proprietary trading activity, offering access to over 40 execution venues worldwide, covering primary markets, lit and dark venues.
We combine high quality execution, global market access, trading desk high-touch services and cost-effective straight-through processing (STP), from trading to clearing and settlement, through our partnership with KAS Bank.

For further information, visit www.neonet.com

Media contacts:
Tim Wildenberg
CEO, Neonet Securities
Tel. +46 (0)8 454 09 52 / +44 (0)208 144 18 59

Sabine Toulson
MD, Intelligent Financial Systems
Tel. +44 (0)203 432 5610