Neonet adds NGM and NDX to connected markets

Source: Neonet

Neonet's tailored service offering for sell-side clients strengthened by NGM/NDX access, enabling trading in a wider range of asset classes on Nordic markets.

Neonet, the independent execution services provider, today announced the addition of Nordic Growth Market (NGM) and Nordic Derivatives Exchange (NDX) to its connected markets.

Starting with the launch in 2011 of its ESP (Execution Service Provider) service package tailored for sell-side clients, Neonet has committed to extend its reach into new trading venues and support more complex financial instruments, in order to meet the diverse requirements of brokerage clients.

"To strengthen Neonet's tailored ESP offering, we will continue to add access to new markets and support trading across a wider range of investment products and asset classes," said Carl Johan Wallin, Global Head of Sales, Neonet. "From listening to our sell-side clients' and learning about their needs, we have concluded that they want Neonet to provide more than execution services on primary and alternative equities markets, and with access to NGM/NDX, our reach in the Nordics is greatly enhanced."

"Our ambition is to be the leading Nordic exchange for private investors and the announcement of Neonet as a member is very encouraging," said Roger Peleback, CEO, Nordic Growth Market. "We are very happy to see Neonet as a member and we also hope that Neonet's clients will be pleased that they will be able to trade in the 5,000+ financial instruments currently offered by NGM in the Swedish, Finnish and Norwegian market."

With initial focus on the Nordic region, Neonet now provides the ability for clients to trade the investment products offered by NGM/NDX. This includes asset classes which extend Neonet's offering, including mini futures, warrants, turbo warrants and knockout warrants.

"We appreciate Neonet's approach and commitment to support each market, trading venue, and the various asset classes that we want to trade," said Patrick Anderson, CEO, United Bankers. "As a specialized broker focused on Nordic markets, the addition of NGM to Neonet's service is a valuable addition that reduces complexity and helps make our operations more efficient." 

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