NeoNet Launches Electronic Trading Access to NASDAQ

5/27/2002 3:35 AM EST

NeoNet, a leading provider of real-time equity trading services for
institutional investors and broker-dealers, today announced that it
launches electronic trading access to NASDAQ via NeoNet's stock exchange
network. Through the company's electronic exchange network, clients are
able to benefit from a single point of access to approximately one third
of the world's stock market capitalization.

As one of the world's largest equity markets, NeoNet's connection to
NASDAQ marks a strategic step in the company's transition from a pan-
European to a global equity trading service. With NeoNet's global
network, clients can reach additional liquidity sources and consolidate
European and U.S. trading activities-eliminating the need for several
different systems for trading at different exchanges.

Torvald Bohlin, CEO of NeoNet comments, "The introduction of electronic
trading access to NASDAQ is a major step for NeoNet in reaching our goal
of offering trading to our clients on 80 percent of the world's market
capitalization by the end of 2003. We already have a strong, high-
quality European trading offering and have now integrated uniform NASDAQ
trading for our clients."

"NASDAQ's strong growth will continue, augmented by the advent of
SuperMontage and growing liquidity among ECNs," according to Fritz
McCormick, analyst, Celent Communications. "This growth, combined with
increases in electronic trading worldwide, creates a need for
technologies and services like NeoNet's, which provide a single point of
entry and direct access to global markets," added Mr. McCormick.

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 simply as an agency brokerage.

In addition to NASDAQ, NeoNet also offers electronic trading access to
the stock exchanges in London, Frankfurt, Paris, Amsterdam, Brussels,
Stockholm, Helsinki, Copenhagen and Oslo. NeoNet also plans to connect
to the Milan and Virt-x stock exchanges and the next target is to offer
trading access to the New York Stock Exchange in 2003.

For further information, please contact:

Torvald Bohlin
CEO of NeoNet
Tel. +46 8 454 15 39
 


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
(short name 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