Norwegian brokerage firm Christiania Securities AS is to outsource its execution services to Neonet.
Christiania Services has been working within the Nordic markets since 1995, and CEO Oddbjørn Hollen says outsourcing its execution services to Neonet will help cut costs.
"Looking at different alternatives, Neonet's execution service solution proved to be the best fit for us," says Hollen. "It gives us a leading technical platform with extensive market access together with superior execution quality through Neonet's smart order routing technology. This set up, where we only trade in the Neonet membership, combined with Neonet's transparent cost+ model, will significantly reduce our fixed costs."
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