NeoNet Integrates with Thomson AutEx Network
9/20/2004 3:51 AM EST
NeoNet, the independent agency broker for professional investors, and
Thomson Financial, an operating unit of The Thomson Corporation (TSX:
TOC, NYSE: TOC) and leading provider of information and technology
solutions to the worldwide financial community, today announced a joint
endeavour and can now offer clients global FIX trading connectivity
through a single point of entry over the Thomson AutEx FIX network.
Thomson AutEx is market leader in the provision of FIX compliant
solutions to the global trading community. The service handles over one
million trading messages daily, enabling more than 300 global brokers to
trade with more than 500 institutions.
By connecting NeoNet with Thomson Financial's AutEx FIX network, clients
benefit from direct market access to NeoNet's 16 connected marketplaces
through a single FIX connection. Clients can also choose to send orders
to be worked on NeoNet's international trading desks. 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.
"We are pleased to offer clients neutral and efficient equity trading
via NeoNet through the Thomson AutEx network," said Simon Nathanson, CEO
of NeoNet. "By combining Thomson AutEx's established network with
NeoNet's cross-border equity trading service, clients will be able to
increase efficiency and lower transaction costs. It also further expands
the distribution alternatives and makes it even easier for clients to
start trading through us."
New Thomson AutEx tools enable tighter integration with clients systems
enabling easier connectivity and faster trade processing and
negotiation. The improved flexibility of the latest platform offers the
Thomson AutEx community a market leading and intelligent environment in
which FIX compliant messages are broadcast and received.
"Our customers need straight-through processing coupled with lower
connectivity cost. This needs to be initiated from within their chosen
Order Management Systems which our Thomson AutEx third generation
platform delivers with world wide market acceptance", said Tony Booth,
Director of Connectivity, Thomson Financial. "We are pleased that NeoNet
has joined the Thomson AutEx network and their presence further improves
the value and options for executing flow for our customers."
About Thomson Financial
Thomson Financial is a US$1.5 billion provider of information and
technology solutions to the worldwide financial community. Through the
widest range of products and services in the industry, Thomson Financial
helps clients in more than 70 countries make better decisions, be more
productive and achieve superior results. Thomson Financial is part of
The Thomson Corporation (www.thomson.com), a leading provider of value-
added information, software tools and applications to more than 20
million users in the fields of law, tax, accounting, financial services,
higher education, reference information, corporate training and
assessment, scientific research and healthcare. With revenues of
US$7.44 billion, The Thomson Corporation lists its common shares on the
New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
For further information, please contact:
Magnus Carlblick Alexander Brog
Communications, NeoNet PR Director - Europe, Thomson Financial
+46 8 454 15 46 +44 (0) 20 7324 6986
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