LiquidMetrix to News

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.

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