Independent agency execution broker Neonet has announced it is to provide access to newly launched BATS Periodic Auctions Book.
The BATS Periodic Auctions Book is available for all securities and markets traded on BATS' lit books. Stockholm-based Neonet will provide access to the Period Auctions Book in a bid to expand liquidity to clients trading large orders.
"BATS Periodic Auctions Book highlights the current trend of innovative initiatives to cater for a broader range of execution needs for professional investors trading larger orders," says Tim Wildenberg, CEO of Neonet. "As an agency execution broker we have a dedicated focus on best execution both today and in light of upcoming MiFIDII regulation."
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