Corvil » News Coverage

“The monopoly that the traditional exchanges have had is threatened and you see new competition in the European markets,” says Simon Nathanson, CEO and president of Neonet. “If you look at the big indices, in London and in Amsterdam, 20 to 30 percent of the top stocks are traded outside of the traditional exchanges at the new venues, which is very interesting. I think this will continue and accelerate. Because of that, we’ve connected ourselves to these venues and offer smart order routing and everything around it. We offer clients and brokers the ability to use their own name and market share to trade on the exchanges where they want to be a member, and combine that with trading in other venues in Neonet’s name.”

The new latency-monitoring technology will enable the firm to show clients the actual latency on their transactions while allowing Neonet to fine-tune every segment of the transaction chain, including evaluating which venues are most efficient at handling orders, according to Nathanson, who notes that Neonet used homegrown monitoring tools in the past. “With this tool, it will be easier to measure new venues and technology components as we add them,” he says. Byline: Penny Crosman