NeoNet Launches New Professional Trading Platform
6/21/2004 4:16 AM EST
NeoNet, the neutral and independent agency broker for professional
investors, today announced the launch of the new generation of its
trading platform.
The new generation of the trading platform, called the NeoNet Trader,
has drastically increased performance, flexibility and capacity. The
platform also makes it easier to add more client functionality and
establish connections to marketplaces and other external links.
The new platform brings many enhancements for clients including:
· A new front-end application. The front-end has features such as:
multi order and program trading functionality, highlighting of the
client's order in the order book depth and a more user-friendly
application with tailor-made workspaces and settings.
· A new high-performance central trading system with capacity to
handle a significant increase in transactions per second. The central
trading system also has STP and execution support with links to various
Order Management and back-office systems.
· A new FIX engine that handles FIX versions 4.0, 4.1 and 4.2 and
replaces the old FIX engine. The new engine makes it easier to connect
new clients and external systems and it also makes it easier to add new
FIX-compliant marketplaces.
· Functionality for electronic routing of orders to NeoNet's trading
desks as a complement to the direct market access trading creating a
fully electronic transaction chain also for clients placing orders with
the trading desk.
"I am very happy to announce the release of the NeoNet Trader platform,
where we have moved our greatly appreciated trading technology to a new
level," said Simon Nathanson CEO of NeoNet. "It is a very competitive
trading platform and throughout development, we have focused on the
specific needs of the professional investor and further reinforced our
hallmarks of speed, reliability and efficiency. The platform is prepared
for future growth in trading volumes and number of marketplaces. It also
makes it easier to adapt to our professional clients' expanding trading
demands."
As a pure agency broker, NeoNet's focus is on providing to professional
investors electronic direct market access and execution services via its
trading desks in New York and Stockholm. Via NeoNet, clients have
integrated and transparent trading access consolidating cross-border
trading opportunities on a total of 16 European and American exchanges.
Clients can trade through NeoNet's exchange memberships on 12 leading
European exchanges: Amsterdam, Brussels, Copenhagen, Frankfurt,
Helsinki, Lisbon, London, Milan, Oslo, Paris, Stockholm and Virt-x.
Additionally, NeoNet offers trading via electronic connections on the
New York Stock Exchange, AMEX, Nasdaq and Madrid.
For further information please contact:
Simon Nathanson
Chief Executive Officer
Tel. +46 8 454 15 51
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