Under the Markets in Financial Instruments Directive (MiFID), trading in Europe is undergoing a rapid transformation. As new trading platforms emerge to challenge the exchanges, the ability to aggregate liquidity is becoming ever more important for investors. The additional requirement to achieve ‘best execution’ adds another challenge for market participants. By providing access to the most competitive marketplaces around the globe, NeoNet enables its clients to meet their best execution requirements via one provider.
Simon Nathanson, CEO and president of NeoNet, said: Connecting to Chi-X is a natural evolution of NeoNet’s DMA offering and in line with our strategy to offer a complete and leading trading solution post-MiFID. NeoNet was built from the ground up to offer its clients’ low-latency access to a growing number of marketplaces, and Chi-X’s high-speed modern platform complements our offering perfectly.
