STOCKHOLM, Sweden, Sept. 27, 2004 (PRIMEZONE) -- NeoNet and SimCorp now offer SimCorp Dimension users direct market access trading via NeoNet. NeoNet, the independent agency broker for professional investors, and SimCorp, a provider of integrated software solutions to financial institutions and corporate treasuries, today announced a joint endeavour to offer financial institutions using SimCorp Dimension the ability to obtain direct market access trading via NeoNet's trading system. By integrating the order management module of SimCorp Dimension with NeoNet's trading system, SimCorp clients can now, through a single FIX connection, benefit from access to trading on NeoNet's 16 connected European and US equity marketplaces. In addition to direct market access, clients will also soon be able to send orders to NeoNet's international trading desks. "We are delighted to be able to offer clients using SimCorp software a streamlined and neutral trading service," said Simon Nathanson, CEO of NeoNet. "This cooperation with SimCorp further expands our distribution channels and satisfies a growing demand from clients for real-time consolidation of all their investment activities in one system." "This collaboration with NeoNet demonstrates the flexibility of SimCorp Dimension, which allows our clients to streamline the entire business investment process by handling all steps in the process within one integrated system - including execution of orders with external brokers through FIX based connections," said Michael H. Andersen, Senior Vice President at SimCorp. "We are happy to announce the co-operation with NeoNet, offering our clients added value through expanded straight through processing as a response to explicit client demands." NeoNet offers execution through the company's exchange memberships on: Amsterdam, Brussels, Copenhagen, Frankfurt, Helsinki, London, Lisbon, Milan, Oslo, Paris, Stockholm and Virt-x. Trading is also offered on Amex, NASDAQ, NYSE and Madrid.
About SimCorp
SimCorp is a leading provider of highly specialised software and financial know-how for the financial sector and corporate treasuries. SimCorp has approx. 550 employees and is listed on the Copenhagen Stock Exchange. For more than 30 years, SimCorp has developed its products in close collaboration with a number of international financial institutions and corporates. The SimCorp systems, SimCorp Dimension and IT/2, are sold, implemented and supported from the head office in Copenhagen and subsidiaries in Brussels, Frankfurt, Hong Kong, London, New York, Oslo, Stockholm, Sydney and Zurich. For further information, please contact:
Magnus Carlblick Michael H. Andersen Communications, NeoNet SimCorp A/S +46 8 454 15 46 + 45 3544 8800 magnus.carlblick@neonet.biz Michael.H.Andersen@simcorp.com
Since inception in 1996 NeoNet has focused on efficient and neutral agency brokerage. NeoNet provides professional investors with execution services offering a single point of access to leading equity marketplaces worldwide. Clients can execute orders using electronic direct market access or via NeoNet's international trading desks. NeoNet has offices in New York, London and Stockholm, is listed on the Stockholm Stock Exchange (ticker NEO), and has clients in more than 15 countries globally. www.neonet.biz
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