NeoNet Selects Radianz for Expanded Connectivity to Clients Worldwide
10/28/2003 3:02 AM EST
NeoNet, an international agency brokerage providing efficient electronic
equity execution services for institutional investors, and Radianz today
announced that they have signed a connectivity contract.
NeoNet offers equity execution services on the New York Stock Exchange,
NASDAQ and AMEX, and on the London, Frankfurt, Paris, Amsterdam,
Brussels, Milan, Stockholm, Helsinki, Copenhagen, and Oslo stock
exchanges. Under the contract, NeoNet will use Radianz's market
infrastructure, a global financial extranet called RadianzNet, for
Financial Information eXchange (FIX)-enabled networking that will
empower clients in the United States and Europe to use its services.
"Using RadianzNet will enable us to efficiently expand our client
connectivity alternatives since we will be able to leverage Radianz's
existing connectivity to thousands of financial institutions, including
those we want to add as customers," said Pia Hofstedt, CIO of NeoNet.
The addition of NeoNet to Radianz's customer base also gives the nearly
10,000 financial sites worldwide that are connected to RadianzNet the
ability to execute on the exchanges offered through NeoNet.
"Radianz and NeoNet are bringing two powerful technology standards
together for the benefit of their clients in the equity markets - namely
IP and FIX. Private IP networks like the one offered by Radianz are
increasingly becoming a popular alternative to the Internet, as they not
only create an instant community of interest, but also resolve issues
around quality of service, security and tracking. In addition, FIX is
rapidly becoming the de facto data exchange standard for the equity
order flow from pre-trade to pre-settlement, allowing for greater
efficiencies through automation," said Michael Haney, senior analyst
with Boston-based research and advisory firm Celent.
About Radianz
Radianz (www.radianz.com) is an independent company with the world's
largest Internet Protocol (IP)-based network for the global financial
services industry. The company uses its network, a global financial
extranet called RadianzNet, to provide superior IP connectivity and
services designed to meet the demands of professionals in the finance
community. Radianz was established by Reuters (RTR.L) and Equant (NYSE:
ENT) (Euronext Paris: EQU) in June 2000.
Radianz and the lighthouse logo are trademarks of the Radianz group of
companies worldwide.
For further information, please contact:
Company contacts:
Magnus Karlsson Marty Filipowski
Communications, NeoNet Radianz
Tel. +46 8 454 1546 +1 212 415 4678
NeoNet U.S. PR contact: NeoNet's U.K. PR-agency contact:
Gerry Wisz, Spring O'Brien Stefanie Davidson, Cognito
+1 973.267.8800 +44 20 7936 9058
Since inception in 1996 NeoNet has focused on efficient and neutral
agency brokerage. NeoNet provides the institutional investor industry
with execution services offering a single point of access to leading
equity marketplaces worldwide. Clients can execute orders using
electronic direct market access or through NeoNet's international
trading desk. NeoNet has offices in New York, London, Frankfurt and
Stockholm, is listed on the Stockholm Stock Exchange (ticker NEO), and
has clients in 14 countries globally.
www.neonet.biz