NeoNet is to offer users of SimCorp’s Dimension platform direct market access trading.
NeoNet, the Stockholm-based independent agency broker for professional investors, is integrating the order management module of SimCorp Dimension with the NeoNet trading system.
This weil enable SimCorp clients to trade on NeoNet’s 16 connected European and US equity marketplaces via a single FIX-based interface. In addition to direct market access, clients will also soon be able to send orders to NeoNet’s international trading desks.
“We are delighted to be able to offer clients using SimCorp software a streamlined and neutral trading service,” says Simon Nathanson, CEO of NeoNet. “This cooperation with SimCorp further expands our distribution channels and satisfies a growing demand from clients for real-time consolidation of all their investment activities in one system.”
“This collaboration with NeoNet demonstrates the flexibility of SimCorp Dimension and allows our clients to streamline the entire business investment process by handling all steps in the process within one integrated system – including execution of orders with external brokers through FIX based connections,” adds Michael H. Andersen, Senior Vice President at SimCorp. “We are happy to announce the co-operation with NeoNet, offering our clients added value through expanded straight through processing as a response to explicit client demands.”
NeoNet offers execution through the company’s exchange memberships on: Amsterdam, Brussels, Copenhagen, Frankfurt, Helsinki, London, Lisbon, Milan, Oslo, Paris, Stockholm and Virt-x. Trading is also offered on Amex, NASDAQ, NYSE and Madrid.