NeoNet and SimCorp Offer Institutions Integrated FIX based Cross-Border Trading
9/27/2004 3:51 AM EST
NeoNet and SimCorp Offer Institutions Integrated FIX based Cross-Border
Trading
NeoNet and SimCorp now offer SimCorp Dimension users direct market
access trading via NeoNet.
NeoNet, the independent agency broker for professional investors, and
SimCorp, a provider of integrated software solutions to financial
institutions and corporate treasuries, today announced a joint endeavour
to offer financial institutions using SimCorp Dimension the ability to
obtain direct market access trading via NeoNet's trading system.
By integrating the order management module of SimCorp Dimension with
NeoNet's trading system, SimCorp clients can now, through a single FIX
connection, benefit from access to trading on NeoNet's 16 connected
European and US equity marketplaces. 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," said 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, which 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," said 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.
About SimCorp
SimCorp is a leading provider of highly specialised software and
financial know-how for the financial sector and corporate treasuries.
SimCorp has approx. 550 employees and is listed on the Copenhagen Stock
Exchange. For more than 30 years, SimCorp has developed its products in
close collaboration with a number of international financial
institutions and corporates. The SimCorp systems, SimCorp Dimension and
IT/2, are sold, implemented and supported from the head office in
Copenhagen and subsidiaries in Brussels, Frankfurt, Hong Kong, London,
New York, Oslo, Stockholm, Sydney and Zurich.
For further information, please contact:
Magnus Carlblick Michael H. Andersen
Communications, NeoNet SimCorp A/S
+46 8 454 15 46 + 45 3544 8800
Since inception in 1996 NeoNet has focused on efficient and neutral
agency brokerage. NeoNet provides professional investors with execution
services offering a single point of access to leading equity
marketplaces worldwide. Clients can execute orders using electronic
direct market access or via NeoNet's international trading desks. NeoNet
has offices in New York, London and Stockholm, is listed on the
Stockholm Stock Exchange (ticker NEO), and has clients in more than 15
countries globally.
www.neonet.biz