Citibank Alternative Execution is to make its algorithmic trading suite available to agency broker NeoNet’s customers. The agreement will allow buy- and sell-side clients to access Citibank’s algorithms through NeoNet’s trading platform.
“NeoNet customers will now benefit from the years of investment we have made in quantitative teams, technology and infrastructure,” says Richard Evans, head of Citibank Alternative Execution, Europe. “We hope to work with many more broker-dealers and intermediaries to provide their customers with direct, easy access to our algorithms,” he adds.
Simon Nathanson, NeoNet CEO, comments, “Adding Citi’s algorithms to NeoNet’s services for advanced trading enhance our offering further. We are delighted to evolve our business with Citi, which already uses NeoNet’s hosted trading system and software services, NeoNet XG.”