NEONETNortheast Ohio Network for Educational Technology
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NeoNet is a cloud-based software platform that enables corporate food safety directors to control the effectiveness of the sanitation programs at each of their facilities.
Neonet will maintain the company's headquarters in Stockholm following the close.
The Italy-based banking group has selected Neonet Securities AB for execution services for Italian equities.
Neonet said that the firm has made a strategic decision to outsource all functions outside its core business and will rely on Neonet as one of its main execution service providers, which eliminates the need for exchange memberships and investments in in-house execution management technology.
Neonet clients will now have the ability to trade on Nordic@Mid using the broker's dark algorithm.
Neonet Dark gives our customers the ability to seek liquidity in multiple dark pools by sending one consolidated order.
NEOnet technology provides consumers with lightning fast download speeds and unmatched search accuracy, even for rare and unique content.
PIC is part of the Ontario Network of Entrepreneurs (ONE), and is supported by FedNor, NOHFC, Timmins Economic Development Corporation, NEOnet, and other partners.
CEO Thomas Bill noted that the brokerage industry is struggling and Neonet has been negatively affected by declining volumes and more aggressive competition.
The result includes a gain of some SEK10m from a disputed receivable in Neonet, which was acquired by Orc Software in April 2010.
Nordic-based agency brokerage Neonet is offering direct market access (DMA) to the Norwegian equities segment on the Swedish exchange venue Nasdaq OMX Stockholm.
In addition, Neon still sells its NeoNet suite to users who don't want MQSeries.