November 12, 2013
Neonet Securities and LiquidMetrix announce partnership
to create industry leading Enhanced Algorithmic Trading Suite
Stockholm, 12 November, 2013– Neonet Securities, the specialist in execution services and
LiquidMetrix, the London based financial research and performance measurement company, today
announced that they will collaborate on the creation of new enhanced suite of trading algorithms,
utilising the strengths in Electronic Trading, Smart Order Routing of Neonet Securities and Quantitative
Research and Analysis methods and pre-trade statistics provided by LiquidMetrix.
"Neonet's innovative electronic trading infrastructure and SOR technology will take advantage of the
highly respected quantitative pre and posttrade analysis models and the unique database of order
book data from LiquidMetrix. We believe that this will represent a really 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.
"The collaboration between our two firms sets a precedent in the market, by taking advantage
of rigorous scientific methods to design and implement algos, using inputs based on statistical
microstructure models and feedback loops based on measuring and optimising performance. This
coupled with utilising an independent organisation provides a new direction in how firms deal with
performance measurement and review. Neonet as early adopters of the LiquidMetrix platform,
recognised us as a reliable and trusted third party provider to review execution quality."says Sabine
Toulson, 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 provide a means of optimising performance. We are excited to be working
with Neonet to put this into practice and help create a new breed of self optimising algorithms, with
performance measurement central to their design.
"This is just what our clients have been demanding,” says Massimiliano Raposio, Head of Sales at
Neonet Securities, "a new suite of algorithms that enters the market standing apart from the numerous
and often very similar products available today. It is quite a unique opportunity, we are enjoying at
Neonet to develop algos with a new approach, together with and independent firm such as LiquidMetrix,
without compromising to legacy investments and stratified industry assumptions”.
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 Post Trade 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 /
broker DMAs, 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.