Neonet Adds Access to SmartPool to Buy Side Offering

Neonet, a provider of execution services and trading technology, today announces that it has started to offer access to dark liquidity, thereby strengthening its buy side offering further. The most recent addition is SmartPool, the multilateral trading facility set up by NYSE Euronext in partnership with JPMorgan, HSBC and BNP Paribas.

With the addition of SmartPool, Neonet offers access to dark liquidity on six venues including Chi-Delta, Neuro Dark, Turquoise’s Dark Pool, Xetra Mid Point and Ireland Stock Exchange. Additional venues will be added going forward.

“Europe’s market structure continues to evolve and dark liquidity is getting more integrated into the trading environment. Neonet solves the complexity of the increasingly fragmented trading by aggregating the dark and lit liquidity. We offer access to over 35 market places and to dark liquidity on six venues and we are very happy to add SmartPool to our liquidity offering,” states Simon Nathanson, CEO and president of Neonet. “We do this to honour our commitment to our clients and the market to offer efficient trading that is simple and quick to use.”

SmartPool is a London-based dark pool, regulated by the FSA. It offers trading in approximately 1,000 equities across 15 European markets. Neonet’s buy side clients gain access to SmartPool via Neonet’s suite of algorithms, Execution Specialists or its direct market access (DMA) systems. Neonet integrates trading on dark pools into the company’s smart order routing and algorithmic trading strategies.