Information About Error Trade
10/24/2005 1:52 PM EST
NeoNet was in October affected by a larger error trade resulting in a loss of SEK 5.3 m. The amount will burden the fourth quarter 2005.
The error trade occurred at the trading desk where sales traders execute trades on behalf of clients. This operation represents a smaller portion of the total trading through NeoNet.
Corrective actions have been taken in the form of changed procedures and control functions to minimize the risk of similar future events.
For further information, please contact:
Simon Nathanson
CEO of NeoNet
+46 8 454 15 51