NeoNet Provides Macgregor Clients With Direct Access To Exchanges

NeoNet, a Stockholm based agency broker that provides electronic equity execution services to institutional investors and broker dealers, today announced that it will provide Macgregor, the order management systems (OMS) and FIX network services provider, with access to NeoNet's global

By None

NeoNet, a Stockholm-based agency broker that provides electronic equity execution services to institutional investors and broker-dealers, today announced that it will provide Macgregor, the order management systems (OMS) and FIX network services provider, with access to NeoNet’s global equity execution network. Macgregor has 80 of the world’s largest institutions as clients.

NeoNet will connect to Macgregor’s OMS, the Macgregor Financial Trading Platform (MFTP) and to the Macgregor FIX Network (MFN), offering Macgregor’s clients access to approximately 85 percent of Europe’s equity market capitalization and to NASDAQ. Through a single point of entry, NeoNet offers trading access to global markets, including the NASDAQ, London, Frankfurt, Paris, Amsterdam, Brussels, Milan, Stockholm, Helsinki, Copenhagen and Oslo stock exchanges. NeoNet also plans to add connections to the New York Stock Exchange and Virt-x.

“We are excited to offer our clients access to NeoNet which will serve a unique role among the other 140 liquidity destinations on our network,” says Steven Levy, President and CEO at Macgregor. “For the first time, this will provide our clients with direct access to European exchanges. Cross border trading has become an important area of growth for many of our clients and NeoNet’s platform offers them the unbiased membership access that they desire as they execute trades in global markets.”

“With the continued volatility in the U.S. markets, investors are diversifying more by investing in European securities,” adds Torvald Bohlin, CEO of NeoNet. “NeoNet’s platform enables institutional investors to execute their global trading strategies efficiently and with the lowest market impact. Integrating NeoNet’s member exchange connections with Macgregor’s Trading Platform and FIX Network enhances the powerful new trading tools and access to new pools of liquidity currently being offered to their clients.”

«