Neonet(STO:NEO), the global provider of neutral, direct market access (DMA) brokerage services and trading technology, will offer access to the new alternative market, Bats Europe.
Neonet already offers trading at BATS US and will offer access to BATS' European Markets division for its buy- and sell-side clients upon the platform's target launch in November.
Trading in Europe is undergoing a period of rapid transformation, and BATS Europe represents a new generation of trading platforms. BATS was launched in the US in January 2006 as one of the fastest-growing, top-tier equity markets - it has more than a 10 percent matched share of the US market - and is now expanding into Europe. BATS recently received approval from the US Securities and Exchange Commission to become a national securities exchange, and will go live as an exchange in October.
Mark Hemsley chief executive of BATS' European Markets division, said "We are pleased to further our relationship with Neonet and look forward to the significant order flow this agreement is likely to bring. BATS Europe aims to follow a similar roadmap to its US counterpart and we are excited about the opportunity to Make Markets Better here."
"As the global capital markets continue to evolve, you can be confident in Neonet to offer trading at the most competitive and liquid marketplaces. Neonet blends the order books of traditional exchanges and alternative marketplaces into a river of liquidity to ensure that transactions are made at the best possible price across multiple markets. We are thrilled to extend our relations with BATS as they bring their offering to Europe," states Simon Nathanson, CEO and President of Neonet.
By adding BATS Europe to its offering of over 30 global marketplaces, Neonet offers its clients global liquidity across the traditional exchanges and the new alternative markets.
Neonet discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.