Neonet , an independent agency broker and execution specialist, has extended its interface’s capabilities to include compatibility with Visual Trader, a Spanish trading platform owned by Bolsas Y Mercados Espanoles (BME).
Although the two companies have already been working together for a number of years, the implementation of Visual Trader compatibility is intended to enable Neonet clients to utilize Visual Trader’s execution algo suite and smart order router to maximize liquidity and access a wide range of regulated marketplaces across Europe and North America.
Visual Trader’s CEO, Jose Parga, commented, “The trades and orders sent by the algorithms will be integrated into Visual Trader’s OMS and terminals, so that users can monitor and manage them. In addition, Visual Trader’s Risk Management System will also oversee the models’ operations as if they were a trader’s.”
Tim Wildenberg, CEO, Neonet, added, “We are pleased to announce that our latest algorithmic trading functionality has been added to our existing DMA integration with Visual Trader. We now have our first Spanish client certified and in production and are looking forward to rolling this functionality out across the rest of our client base who use Visual Trader as their trading platform.”