Neonet adds NGM and NDX to connected markets
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.
Stockholm, Sweden, May 2, 2012 – 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.”
About Nordic Growth Market
Since 2003, Nordic Growth Market NGM AB (“NGM”) is an exchange authorized by the Swedish Financial Supervisory Authority. NGM is a wholly-owned subsidiary of Börse Stuttgart Holding GmbH, also the owner of Börse Stuttgart, the leading retail exchange in Germany. Through NDX, Nordic Derivatives Exchange, NGM offers listing and trading in securities such as warrants, certificates, capital protected certificates and bonds issued by both domestic and international operators. On the lists NGM Equity and Nordic MTF, NGM offers companies listing and services suited for growth companies.
Neonet offers professional market participants flexible, independent and transparent execution services based on advanced trading software solutions. Neonet’s services include a comprehensive execution management system, advanced trading algorithms, smart order routing, market data services and a trading desk operated by qualified execution specialists. Neonet does not engage in proprietary trading or any other financial activity that could result in a potential conflict of interest. Neonet serves clients in over 20 countries. Clients include banks, brokerage firms, institutional investors, hedge funds and asset managers. Neonet is owned by Nordic Capital Fund VII.
For further information, visit www.neonet.com.
Joacim Wiklander, CEO, Neonet, Tel. +46 8 506 47 835
Sofia Widell, Marketing & PR, Neonet, Tel. + 46 739 01 02 21