Neonet launches dark algorithm

Neonet launches dark algorithm

Stockholm, September 23, 2009 - Neonet, a leading global provider of execution
services and trading technology, enhances its dark offering by launching Neonet
Dark, a dark liquidity consolidating algorithm.

The dark algorithm minimizes market impact by finding dark liquidity in
available dark pools through Neonet's liquidity network. Neonet Dark
systematically sweeps the dark pools for non-displayed liquidity. 

“The development of Europe's market structure has driven the demand for a new
generation of algorithms that can provide access to non-displayed liquidity.
Neonet Dark gives our customers the ability to seek liquidity in multiple dark
pools by sending one consolidated order.  Access to all significant pools of
liquidity is essential for our clients and therefore we continue to develop and
provide solutions that facilitate access to both lit and dark liquidity”, says
Simon Nathanson, CEO and President of Neonet.

Neonet Dark is the most recent addition to Neonet's comprehensive suite of
solutions for electronic execution on the world's leading exchanges and trading
venues. Along with other trading tools and services, Neonet Dark is immediately
available in the company's Execution Management System, Neonet Trader.

Neonet offers access to dark liquidity on seven venues including BATS Europe
Dark Pool, Chi-Delta (Chi-X), Irish Stock Exchange, Neuro Dark (Nasdaq OMX
Europe), Smart Pool (Euronext), Turquoise's Dark Pool and Xetra Mid Point
(Deutsche Börse). Additional venues will be added going forward. 


Dark Pools
A Dark Pool is an electronic market place that gives institutional investors the
possibility to trade large number of shares in liquid or illiquid stocks without
revealing themselves to the lit market.



For further information, please contact:

Ulrika Lilja
Head of Communications, Neonet
+46 8-454 15 82


About Neonet
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, Latin 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 Stockholm and has clients in over 20 countries
globally. For more information, please visit: www.neonet.com