Neonet to offer trading access to Turquoise

Neonet to offer trading access to Turquoise

•  Neonet will offer its buy-side and sell-side clients trading access to
Turquoise
•  Neonet's smart-order routing technology is extended as liquidity fragments in
Europe's new trading landscape


Neonet, the global provider of neutral, direct market access (DMA) brokerage
services and trading systems, today announced that it will offer access to
Turquoise, the multi-lateral trading facility established by nine leading
investment banks. Neonet will offer access to Turquoise for its buy- and
sell-side clients upon the platform's target launch in September.

Under the Markets in Financial Instruments Directive (MiFID), trading in Europe
is undergoing a period of rapid transformation, and Turquoise represents a new
generation of trading platforms. By adding Turquoise to its offering of over 30
global marketplaces, Neonet offers its clients the combination of deep global
liquidity across the traditional marketplaces with access to the new competitive
markets. 

Commenting on the announcement, Eli Lederman, Chief Executive of Turquoise said,
”Our integration with European trading platforms represents a central tenet of
our launch and ongoing operations, post-launch. Through Neonet we gain access to
important segments of the trading community, and Neonet users will benefit from
the full, differentiated functionality of Turquoise.”

“As the global capital markets continue to evolve, you can be confident in
Neonet to be at the forefront in trading execution services and trading
technology solutions. Offering access to a continually-growing array of
marketplaces with both brokerage and technology services is a truly powerful
proposition for our clients. As liquidity continues to fragment, our new
smart-order routing technology ensures that transactions are made at the best
possible price across multiple markets,” states Simon Nathanson, CEO and
President of Neonet.

This announcement follows Neonet's recent agreement with Turquoise to provide
low-latency, real time market data from across the European equity markets
through Neonet's XG Market Data (announced 13th March 2008). Turquoise is
targeting a full launch in early September with 1,500 stocks across 14
countries.



For further information, please contact:
Niclas Lilja
Deputy Head of Communications, NeoNet
+46 8-454 15 82




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
NASDAQ OMX Nordic Exchange in Stockholm and has clients in over 20 countries
globally. For more information, please visit: www.neonet.com


Turquoise is an entrepreneurial, independent company that will provide an
innovative, pan-European and open trading platform treating all participants
equally. Backed by the largest investment banks in Europe, Turquoise will have a
critical mass of natural liquidity from day one: a venue that every trader will
need to access.  Turquoise's dark pool and lit pool will be able to interact
with each other to help the market trade more efficiently at improved prices.
This unique, integrated order pool, combining and matching dark and transparent
orders, will enable users to obtain price improvement for small orders and trade
large orders efficiently while minimising information leakage. The clearing &
settlement function will be delivered by EuroCCP, a subsidiary of DTCC, a
partnership that will help to drive down the total cost of trading. For further
information, please visit www.tradeturquoise.com