Banca Generali Appoints Neonet for Best Execution

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Banca Generali to use Neonet technology for trading on the Italian MTA exchange and European MTFs.

Banca Generali has appointed Neonet as its provider of best execution services for Italian equities.

The partnership brings Banca Generali a smart order routing (SOR) solution for trading on both the Italian MTA exchange and European Multilateral Trading Facilities (MTFs), in step with the Markets in Financial Instruments Directive (Mifid).

"We identified a requirement to offer clients a comprehensive brokerage service that includes access to all sources of liquidity for Italian equities," says Carlo Talpo, head of trading at Banca Generali.

"Neonet enables us to outsource SOR development and operations, while protecting our present technology investments and allowing us to maintain our membership and market share on the domestic exchange."

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