EUROPE/US – Stockholm and New York based real-time electronic equity trading services provider, NeoNet, has connected to the Euronext exchange platform.
NeoNet’s principal client base of institutional investors and broker-dealers will now have access to the Paris, Brussels and Amsterdam exchanges through a single entry point.
NeoNet's pan-European trading platform offers investors increased sources of liquidity and access to its cross-border trading functionality.
According to NeoNet, the deal allows its clients access to some 80% of the total European stock market capitalisation, given the access it already has to the London, Frankfurt, Stockholm, Helsinki and Copenhagen exchanges.
Further expansion by NeoNet next year is targeted at Nasdaq, Milan and New York stock exchanges, whilst anticipating extension of the network to 80% of the world’s exchanges by 2003.