The Helsinki-based firm, which forms part of the United Bankers group, has chosen Neonet to provide its execution services.
UB Securities will use Neonet's smart order routing (SOR) technology to trade on multilateral trading facilites (MTFs) and primaries in Europe and the Americas.
"Neonet's execution services solution proved to be the best fit for us as it allows us to maintain membership on our primary markets, while at the same time giving us access to Neonet's execution quality and broad market access," says Patrick Anderson, partner and CEO of the United Bankers group. "In addition, we find the Cost+ model to be more of a membership-like set up, where we pay actual costs plus a margin. Reducing our fixed cost, we will be able to meet current market conditions with more flexibility and efficiency."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails