Sponsored access enables participants to provide their clients’ direct connectivity to NEURO’s matching and routing services. NEURO provides a pre-trade risk management system which mitigates market risk by monitoring all orders submitted to the NEURO book. Any orders that breach pre-determined trading limits will be rejected. Clients will be able to connect either via proximity hosting or through remote access.
Charlotte Crosswell, president of NEURO, said: “We are delighted to be working with Barclays Capital in providing their clients with access to NEURO. Sponsored access provides new opportunities for a wide range of market participants to trade directly on our platform.”
Robert Orgel, head of quantitative prime services product in Europe at Barclays Capital, said: “As the European trading landscape evolves, we continue to work closely with trading venues in order to offer new and innovative solutions to our clients. Sponsored access complements our market leading DMA platform, SubMSM, providing ultra low latency access to equities, futures and options markets globally.”
