Neonet launches dark algorithm

Stockholm, September 23, 2009 - Neonet, a leading global provider of execution services and trading technology, enhances its dark offering by launching Neonet Dark, a dark liquidity consolidating algorithm.

The dark algorithm minimizes market impact by finding dark liquidity in available dark pools through Neonet’s liquidity network. Neonet Dark systematically sweeps the dark pools for non-displayed liquidity. “The development of Europe’s market structure has driven the demand for a new generation of algorithms that can provide access to non-displayed liquidity. Neonet Dark gives our customers the ability to seek liquidity in multiple dark pools by sending one consolidated order. Access to all significant pools of liquidity is essential for our clients and therefore we continue to develop and provide solutions that facilitate access to both lit and dark liquidity”, says Simon Nathanson, CEO and President of Neonet. Neonet Dark is the most recent addition to Neonet’s comprehensive suite of solutions for electronic execution on the world’s leading exchanges and trading venues. Along with other trading tools and services, Neonet Dark is immediately available in the company’s Execution Management System, Neonet Trader. Neonet offers access to dark liquidity on seven venues including BATS Europe Dark Pool, Chi-Delta (Chi-X), Irish Stock Exchange, Neuro Dark (Nasdaq OMX Europe), Smart Pool (Euronext), Turquoise’s Dark Pool and Xetra Mid Point (Deutsche Börse). Additional venues will be added going forward. Dark Pools A Dark Pool is an electronic market place that gives institutional investors the possibility to trade large number of shares in liquid or illiquid stocks without revealing themselves to the lit market. For further information, please contact: Ulrika Lilja Head of Communications, Neonet +46 8-454 15 82

About Us

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 Securities is an Orc Group company. Orc Group is owned by Nordic Capital Fund VII. For more information, please visit:


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