STOCKHOLM, Sweden, June 16, 2003 (PRIMEZONE) -- NeoNet, an international agency brokerage providing efficient electronic equity execution services for the institutional investor industry, today announced that it now offers trading on the New York Stock Exchange (NYSE) and the American Stock Exchange (Amex) over NeoNet's international trading desk. The expansion offers a broader access to US liquidity and signals its plans to offer fully integrated electronic execution of NYSE securities by mid 2004.
The NYSE is by far the largest stock exchange in the world and the Amex offers trading in exchange traded funds such as SPY, QQQ and DIA -- which track the S&P 500, the NASDAQ-100 and the Dow Jones Industrial Average respectively -- representing, some of the world's most actively traded securities. The integration of direct market access trading on Virt-x and the Madrid Stock Exchange to NeoNet's offering is planned by year- end 2003.
NeoNet plans to offer clients direct market access and execution services in 80% of the world's stock market capitalization by mid 2004.
NeoNet currently offers clients trading on the NASDAQ, London, Frankfurt, Paris, Amsterdam, Brussels, Milan, Stockholm, Helsinki, Copenhagen and Oslo stock exchanges.
"Offering our clients electronic trading in 80% of the world's stock market capitalization has been a key objective from the start, and we are now firmly on our way to achieving this," said Torvald Bohlin, CEO of NeoNet. "The ability for clients to trade NYSE shares and Amex securities over our international trading desk, following last year's addition of NASDAQ to our electronic offering is an important step in that direction."
For further information, please contact:
Torvald Bohlin Magnus Karlsson CEO of NeoNet Communications, NeoNet Tel. +46 8 454 15 39 +46 8 454 15 46 torvald.bohlin@neonet.biz magnus.karlsson@neonet.biz U.K. PR Contact: Stefanie Davidson/Kelly O'Brien, Cognito +44 20 7936 9058 stefanie.davidson@cognitomedia.com
Since inception in 1996 NeoNet has focused on efficient and neutral agency brokerage. NeoNet provides the institutional investor industry with execution services offering a single point of electronic access to multiple equity marketplaces worldwide. Clients have direct market access to one third of the world's equity market capitalization. Trading is also available over NeoNet's international trading desk. NeoNet has offices in Stockholm, New York and London, is listed on the Stockholm Stock Exchange (ticker NEO), and has clients in twelve countries globally.
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