Neonet Joins the SunGard Global Network Broker Community
London - 28 September 2011
Neonet, an independent global equity execution services provider based in Sweden, has joined the SunGard Global Network (SGN) in order to offer brokerage and order routing services to the 2,300 brokers and asset managers linked by the network.
As part of an initiative to expand its business and trading services, Neonet was looking for a solution to enhance its geographic and product reach. SGN will help facilitate the firm’s access to new international clients who want to route order flow directly to exchanges, helping to improve execution speed and order management.
Carl Johan Wallin, global head of sales at Neonet, said, "Connecting to the SunGard Global Network was a strategic choice for Neonet as it helps us expand our electronic execution services and therefore meet the demands of a wider global group of investors. We have experienced increasing demand from both new and existing clients in Europe to access our products and services electronically, whether for low-touch direct market access (DMA) to Europe or high-touch care orders managed by our dedicated execution specialists. We are pleased to become part of the SGN community."
Ryan Keough, EMEA sales director for SunGard’s global trading business, said, “SunGard continues to work with global brokers such as Neonet to build long-term relationships that help them achieve their business goals through global connectivity. Using the order routing services of SGN, our community members can get access to more than 120 venues worldwide through an increasing number of broker partners.”