NeoNet adds LSE to electronic trading network

NeoNet adds LSE to electronic trading network

Real-time equity trading services provider, NeoNet has introduced a live link to the London Stock Exchange (LSE). The Swedish outfit says it now offers institutional investors single-screen access to more than fifty per cent of European market capitalisation.

Alongisde the London link, NeoNet also hooks up to the stock exchanges of Frankfurt, Stockholm, Helsinki and Copenhagen. Later this year NeoNet plans to include Euronext Paris, and other exchanges within the Euronext alliance, Amsterdam and Brussels.

Torvald Bohlin, CEO of NeoNet, says: "Europe's equity markets are very fragmented with many different trading platforms and systems for clearing and settlement. NeoNet solves this problem by providing a single point of European entry and can be seen as a Pan-European virtual exchange layer for our American and European clients."

NeoNet claims 120 institutional investors and broker-dealers as clients in eleven countries, including the US.

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