STOCKHOLM, Sweden, Aug. 14, 2002 (PRIMEZONE) -- NeoNet, a leading provider of real-time equity trading services for institutional investors and broker-dealers, today announced that it is establishing a sales and representation office in London. NeoNet has already offices in Stockholm and New York.
"Our office in London will mean a clearer presence and awareness among our U.K. clients," said Torvald Bohlin CEO of NeoNet. "UK is NeoNet's third largest market and London is the financial center of Europe and to have a local office is important to create confidence and also to further explore the potential of the U.K. market"
Clients can today access one third of the world's equity market capitalization over NeoNets global exchange network, enabling clients to reduce the cost of execution and market impact by reaching several major liquidity sources and consolidating European and U.S. trading strategies. This eliminates the need for several different systems and brokers for trading at different exchanges. NeoNet offers electronic trading access to the NASDAQ, London, Frankfurt, Paris, Amsterdam, Brussels, Milan, Stockholm, Helsinki, Copenhagen and Oslo stock exchange. NeoNet also plans to connect to the Virt-x Stock Exchanges and the New York Stock Exchange by 2003.
NeoNet's global stock exchange network provides secure, real-time access to equity liquidity on leading stock exchanges for institutional investors and broker-dealers. NeoNet avoids any conflict of interest with clients' trading by acting only as an agency brokerage.
Contact details for the NeoNet's UK office: No. 1 Poultry, 2nd Floor London EC2R 8JR, United Kingdom Tel. +44 20 7643 1675 Fax: +44 20 7643 2201
For further information, please contact:
Company contacts:
Torvald Bohlin Magnus Karlsson
CEO of NeoNet Communications, NeoNet
Tel. + 46 8 454 15 39 +46 8 454 15 46
torvald.bohlin@neonet.se magnus.karlsson@neonet.se
U.S. PR-agency contact:
Damon Leavell
Spring O'Brien
+1 973 267 8800
damonl@spring-obrien.com
NeoNet provides institutional investors and broker-dealers with an exchange network for electronic trading on the world's leading stock exchanges. The NeoNet system gives clients an efficient tool for real- time equity execution on the connected stock exchanges. Through NeoNet, clients experience trading access to one third of the world's equity market capitalization. Focused on providing a single point of access to multiple equity markets worldwide, NeoNet has 78 employees with offices in Stockholm and New York, is listed on the Stockholm Stock Exchange (ticker NEO), and has clients in eleven countries including the U.S. and U.K.
NeoNet AB (publ), P.O. Box 7545, SE-103 93 Stockholm, Sweden Tel: +46 8 454 15 00, Fax: +46 8 10 40 84 www.neonetsecurities.com
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