“We believe the combination of Neonet’s independent agency brokerage model with Infront’s independent market data, analytics and trading terminal will offer clients a compelling neutral and transparent solution for market data and trading across the Nordic region and beyond,” said Infront CEO Kristian Nesbak.
“We are very excited to be a broker destination for users of the Infront terminal,” said Tim Wildenberg, CEO of Neonet. “Neonet has positioned itself as a transparent agency broker with a strong smart order router and algo offering combined with a newly launched CSA offering and a broad liquidity access across Europe and North America. We believe that this is an attractive value proposition for many buy- and sell-side users of Infront’s technology.”
The partnership gives Neonet an alternative high-quality desktop front-end, allowing the firm to offer its clients a fully managed market data solution as well as administrative functions including permissioning controls, exchange reporting and compliance.
Neonet is an execution service provider that offers independent, flexible and transparent execution services, which significantly reduce the cost of trading for users. All trades are executed on regulated markets and Neonet does not engage in proprietary trading or any other financial activity that could result in any potential conflicts of interest. Neonet serves clients in over 20 countries.
The company was earlier listed but is currently privately owned by a consortium of owners including Hay Tor Capital LLP, KAS Bank N.V., Nordic Capital / Cidron Delphi Intressenter AB and Neonet management.
For more information, visit www.neonet.com