Agency broker Neonet has reached an agreement with Commcise, whereby it will provide buy-side clients with the latter's commission management hub, CommciseSELL,
The platform gives buy-side firms the ability to provide greater transparency into commission fees, and supports a range of technical areas such as automated trade reconciliation, invoice management and payments to research providers.
"This new partnership allows Neonet to provide buy-side clients an attractive alternative to the traditional investment bank bundled service. We deliver total transparency and allow freedom of choice between different research providers," said Tim Wildenberg, CEO at Neonet. "The rich functionality of the Commcise system will be a perfect complement to our existing agency-based execution services."
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