The SunGard Transaction Network (STN) is an open, electronic global network that links financial services firms and allows users to automate the full transaction lifecycle to achieve straight-through processing. STN is used by more than 800 buy-side firms, on 27 different order management systems in the U.S, Europe and Asia. Applications connected to STN include Decalog, Front Arena and Advent Softwareâs MoxyÂ®.
By connecting NeoNet with STN, clients benefit from direct market access to NeoNetâs connected global marketplaces through a single FIX connection. Clients can also choose to send orders to be worked on NeoNetâs international trading desk. NeoNetâs solution provides clients with efficient access to the worldâs global equity market capitalization, trading on the NASDAQ, NYSE, Amex, London, Frankfurt, Paris, Amsterdam, Brussels, Milan, Stockholm, Helsinki, Copenhagen and Oslo stock exchanges.
"We are delighted with the opportunity to not only provide NeoNetâs clients with access to STN products and services, but also to provide STNâs institutional client base with efficient execution services on global exchanges," said Staffan Persson, chief executive officer of NeoNet. "This will further increase the distribution channels of NeoNetâs services and adds to our global expansion strategy to facilitate our clientsâ direct market access and global execution via NeoNet."
"As markets, industries and institutions move toward global trading, electronic access to the world's markets is increasingly important to our customers," said Paul Schneider, group chief executive officer of SunGard Financial Networks. "We welcome NeoNet as a broker on the STN network as yet another venue to support our growth objectives in Europe and the U.S. Our clients will enjoy and appreciate NeoNet's flexibility in either directing orders to a staffed international trading desk, or choosing to execute directly in the broad range of marketplaces offered. STN is dedicated to offering our clients expanded access to liquidity sources and we can achieve this with NeoNet."