NeoNet Links Leading Agency Brokerage, Capital Institutional Services, to European Exchanges
6/18/2001 10:08 AM EST
NeoNet Links Leading Agency Brokerage, Capital Institutional Services,
to European Exchanges
NeoNet, a leading provider of real-time equity trading services for
institutional investors and broker-dealers, announced today that Capital
Institutional Services, Inc. (CAPIS), a leading independent
institutional agency broker-dealer, will connect to NeoNet's electronic
execution network for direct trading access to European exchanges.
"NeoNet's direct access model fits our business strategy as an agency
broker, providing anonymous, quality electronic execution in the most
efficient way possible," said James Morrow, CAPIS' Senior Vice President
and Director of Electronic Trading. CAPIS has been expanding its
international business, and NeoNet's solution provides the smartest
model we've seen for accomplishing this directive."
CAPIS will be able to extend its client-based FIX capabilities all the
way to Europe's leading electronic exchanges by connecting to NeoNet's
FIX-enabled network for trade order routing and post-trade reporting.
"NeoNet is focused on bringing to global clients, such as CAPIS,
electronic trading access directly to the world's equity markets," said
Peter Gaffney, president of NeoNet's U.S. operations. "We are very
pleased to have a forward-thinking trading operation like CAPIS as a
client of NeoNet"
About Capital Institutional Services
A leading U.S. institutional brokerage firm specializing in global
Agency block trading and advanced order execution solutions for asset
managers and Plan Sponsors, CAPIS has successfully developed and
provided an array of products and services specifically tailored to the
institutional marketplace since 1977. CAPIS executes all trades on an
agency basis, eliminating any conflict of interest; and Plan Sponsors,
investment managers and broker-dealers have come to trust CAPIS for its
expertise in directed brokerage and commission recapture relationships.
Other services CAPIS offers include: expertise in electronic trading;
third-party research and consulting; execution services; correspondent
relationships and trading in equity, fixed income and international
markets. CAPIS is a member of the New York Stock Exchange, American
Stock Exchange and the National Association of Securities Dealers and
maintains offices in Dallas, New York, and London. For more information,
visit www.capis.com.
For further information, please contact:
Torvald Bohlin Peter Gaffney
CEO of NeoNet President U.S. operations
Tel. + 46 8 454 15 39 +1 212 980 7600
NeoNet is a leading provider of real time equity execution services for
institutional investors and broker-dealers. Through its electronic
execution network NeoNet provides its clients with efficient, secure and
anonymous access to currently over 50 % of the equity market
capitalization in Europe. NeoNet focuses on providing single access to
multiple securities markets worldwide. Currently NeoNet has clients in
eleven countries including the U.S. NeoNet has over 60 employees with
offices in Stockholm and New York and is listed on Stockholmsbörsen.
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