NeoNet provides direct market access to Irish Stock Exchange

Source: NeoNet

NeoNet today announced the addition of trading access to the Irish Stock Exchange to enhance European trading opportunities for clients.

With the addition of the Irish Stock Exchange, NeoNet now offers high-speed direct market access trading on 18 European and North American equity marketplaces.

"The addition of the Irish Stock Exchange will be followed by access to SWX Swiss Exchange and Vienna, thus further expanding our clients' cross-border trading opportunities," said Simon Nathanson, CEO of NeoNet. "Some of the stocks on these markets are components of main European indices which will give us the opportunity to provide clients with an even better service within program trading and other key areas."

"We welcome NeoNet's decision to directly access the Irish equities market. Trading in Irish equities on the Irish Stock Exchange has been strong with values traded showing growth of 50% over 2004, bringing year to date equity trading to over €80 billion. The orderflow and additional market connectivity that NeoNet brings will contribute further to this volume growth," said Brian Healy, Director of Trading and Regulation of the ISE.

The addition of the Irish Stock Exchange gives clients trading access to 74 Irish listed securities. Clients have the choice of either using high-speed direct market access or leveraging NeoNet's professional trading desk for order execution. Some of the most actively traded stocks are Allied Irish Banks, Bank of Ireland, Irish Life & Permanent, Anglo Irish Bank, CRH, Ryanair, DCC, Elan, Grafton Group and Kerry Group. The main index for the Irish Stock Exchange is the ISEQ Overall Index.

NeoNet is an agency broker offering clients high-speed direct market access trading on the world's leading stock exchanges. In addition to the Irish Stock Exchange, NeoNet offers clients integrated and transparent trading access to the following exchanges: American Stock Exchange, Amsterdam, Brussels, Copenhagen, Frankfurt, Helsinki, Lisbon, London, Madrid, Milan, Nasdaq, NYSE, Oslo, Paris, Stockholm, Toronto and Virt-x.

As an alternative to NeoNet's agency brokerage services, banks and broker-dealers can trade with their own memberships using the newly launched NeoNet Exchange Gateway service.

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