Norway’s Christiania Securities outsources to Sweden’s Neonet
Swedish execution service provider Neonet is the new outsource partner for Norwegian broker Christiania Securities, which has decided to outsource in order to focus on its core business of technical stock analysis.
Oslo based Christiania offers brokerage services to institutions, corporate customers and private investors, looking to access the Oslo Stock Exchange and other Nordic amrkets.
Oddbjørn Hollen, CEO at Christiania, said: “Looking at different alternatives, Neonet’s execution service solution proved to be the best fit for us; it gives us a leading technical platform with extensive market access together with superior execution quality through Neonet’s Smart Order Routing technology.”
“This set-up, where we only trade in the Neonet membership combined with Neonet’s transparent cost+ model, will significantly reduce our fixed costs.”