NeoNet Launches Electronic Trading on the Milan Stock Exchange
8/12/2002 4:00 AM EST
NeoNet, a leading provider of real-time equity trading services for
institutional investors and broker-dealers, today announced that it
launched electronic trading access to the Milan Stock Exchange via
NeoNet's global stock exchange network.
"The introduction of electronic access to Milan strengthens our
integrated trading offering for our clients," said Torvald Bohlin CEO of
NeoNet. "We offer our clients a powerful way to execute their trading
strategies in European and - with the addition of NASDAQ in June - U.S.
equities markets. The Milan Stock Exchange is one more example of our
commitment to offering 80 percent of the world's market capitalization
over one platform by the end of 2003."
Clients can access one third of the world's equity market capitalization
in NeoNets global exchange network, enabling clients to reduce the cost
of execution and market impact by reaching several major liquidity
sources and consolidating European and U.S. trading strategies.
This eliminates the need for several different systems and brokers for
trading at different exchanges. In addition to Milan, NeoNet also offers
electronic trading access to the NASDAQ, London, Frankfurt, Paris,
Amsterdam, Brussels, Stockholm, Helsinki, Copenhagen and Oslo stock
exchange. NeoNet also plans to connect to the Virt-x Stock Exchange and
the New York Stock Exchange by 2003.
NeoNet's global stock exchange network provides secure, real-time access
to equity liquidity on leading stock exchanges. NeoNet avoids any
conflict of interest with clients' trading by acting only as an agency
brokerage.
About the Milan Stock Exchange (Borsa Italiana)
Borsa Italiana is the company responsible for organizing and managing
the Italian stock exchange. Borsa Italiana was created in 1997 by the
privatization of the stock exchange and has been operational since
January 2, 1998.
The exchange is the fourth largest exchange in Europe. Borsa Italiana
trades stocks of about 300 companies and executes over Euro 2.5 billion
each day. Examples of listed companies are Telecom Italia, Eni,
Benetton, Olivetti, Pirelli and Fiat. Read more on www.borsaitaliana.it
For further information, please contact:
Company contacts:
Torvald Bohlin Magnus Karlsson
CEO of NeoNet Communications, NeoNet
Tel. +46 8 454 15 39 +46 8 454 15 46
U.S. PR-agency contact:
Damon Leavell
Spring O'Brien
+1 973 267 8800
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
(ticker 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