Handelsbanken selects NeoNet XG for institutional direct market access services
Handelsbanken Capital Markets, a Nordic investment bank, is to provide agency broker NeoNet with a full-service electronic direct market access (DMA) trading solution. NeoNet will deliver NeoNet XG, a hosted system and software service for electronic securities trading. With the NeoNet XG service, the agency broker takes on responsibility for software, hardware, infrastructure, operation and surveillance. In addition to providing software services, NeoNet will handle the administration of back-office services forming a full-service solution for DMA trading. The platform fulfills regulatory requirements for Europe and the US.