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Tbricks supports Neonet’s algorithms




Tbricks supports Neonet’s algorithms



23 Jun 2008
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TBRICKS SUPPORTS NEONET’S ALGORITHMS

Tbricks supports Neonet’s algorithmic trading suite

Stockholm, Sweden, June 23rd, 2008 — Tbricks, the provider of next-generation automated trading systems, today announced that it has integrated Neonet’s suite of trading algorithms, offering users advanced execution capabilities.

The Tbricks solution has been devised for automated proprietary trading and targets trading users at investment banks, prop trading firms and high-tech hedge funds. This means that users can seamlessly use Neonet’s trading algorithms out-of-the-box as an integrated part of the Tbricks Genesis system.

Jonas Hansbo, CEO of Tbricks, says: “We are seeing disruptive changes in the financial mar- kets with a plethora of new cost-efficient trading venues like Chi-X and Turquoise in Europe. We believe Neonet is very well positioned in this new scenario given its strong direct market access coverage as well as its commitment to standards. We also believe that Neonet is at the techno- logical forefront with its early support for FIX as well as new emerging standards like FIXatdl. All in all, this makes Neonet a perfect fit and an ideal partner for Tbricks.”

Neonet’s algorithms are developed entirely in-house by Neonet to fully leverage its low latency market access. Where previously these algorithms could only be accessed via Neonet’s own trading platform, they are now accessible directly by the Tbricks systems. “Making our trading algorithms available via Tbricks is in line with our strong commitment to provide our clients with leading trading capabilities. We see a strong interest in using our advanced functionality as the trading pattern and landscape is changing rapidly,” comments Simon Nathanson, CEO of Neonet.

Tbricks launched its premiere product – the Tbricks Genesis automated trading system – earlier this year. Tbricks is initially focusing its activities on financial institutions engaging in proprietary trading.

For further information, contact:

Urs Rutschmann, COO Tbricks, urs@tbricks.com, +41 79 461 78 11 Niclas Lilja, Deputy Head of Communications, Neonet, +46 8 454 15 82

About Tbricks

Tbricks’ mission is to provide professionals with the most user-friendly and efficient tools for executing automated trading strategies on the financial markets. Tbricks is a privately funded company. The firm has more than 25 employees and is headquartered in Stockholm, Sweden, with development facilities in St. Petersburg, Russia. The Tbricks Genesis automated trading was launched in February and is already in operational use.

www.tbricks.com

About Neonet

Neonet is a global agency brokerage firm and technology provider, offering professional market participants neutral, high speed brokerage services and advanced trading software solutions. NeoNet’s in-house developed platform offers connectivity to the world’s leading market places globally across the key regions of North America, Europe, Asia and Australia. Neonet’s cutting- edge technology solutions, Neonet XG, include an integrated product suite. It features high speed market connections, a comprehensive execution management system, market data services and advanced trading tools. Neonet is listed on the OMX Nordic Exchange in Stock- holm and has clients in over 20 countries globally. For more information, please visit: www.neonet.com

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