NeoNet, the Stockholm-based agency broker, is working with Thomson to offer its clients FIX connectivity through the Thomson AutEx FIX network. Thomson AutEx currently handles over one million FIX-compliant trading messages a day on behalf of 300 global brokers trading with more than 500 buy-side firms.
Neonet says that, by connecting NeoNet with Thomson Financial’s AutEx FIX network, users will gain direct market access to NeoNet’s 16 marketplaces through a single FIX connection. Clients can also choose to send orders to be worked on NeoNet’s international trading desks.
NeoNet offers execution through the company’s exchange memberships on the Amsterdam, Brussels, Copenhagen, Frankfurt, Helsinki, London, Lisbon, Milan, Oslo, Paris, Stockholm and Virt-x exchanges. Trading is also offered on Amex, Nasdaq, NYSE and Madrid.
“We are pleased to offer clients neutral and efficient equity trading via NeoNet through the Thomson AutEx network,” says Simon Nathanson, CEO of NeoNet. “By combining Thomson AutEx’s established network with NeoNet’s cross-border equity trading service, clients will be able to increase efficiency and lower transaction costs. It also further expands the distribution alternatives and makes it even easier for clients to start trading through us.”
“Our customers need straight-through processing coupled with lower connectivity cost. This needs to be initiated from within their chosen Order Management Systems which our Thomson AutEx third generation platform delivers with world wide market acceptance,” adds Tony Booth, Director of Connectivity, Thomson Financial. “We are pleased that NeoNet has joined the Thomson AutEx network and their presence further improves the value and options for executing flow for our customers.”