Neonet offers trading access to the new alternative market QUOTE MTF
Stockholm, September 28, 2009 - Neonet, a leading provider of global agency brokerage and trading technology, offers access to the new alternative market, Quote MTF, the Hungarian Multi-lateral trading facility.
Quote MTF, a new alternative trading platform for equities launched in Europe, began trading in 10 French stocks in the beginning of September. The remaining 825 shares it intends to offer will be rolled out over the next couple of weeks. Quote MTF is integrated in Neonet’s Smart Order Routing technology and Quote MTF market data will be part of Neonet’s consolidated European tape. “As the global capital markets continue to evolve in Europe, we have strong confidence in Neonet in offering trading at the most competitive and liquid marketplaces. We blend the order books of traditional exchanges, alternative marketplaces and dark liquidity venues to ensure that our clients achieve best execution across multiple markets. We are delighted to offer access to Quote MTF and add yet another MTF to our global market offering,” says Simon Nathanson, CEO and President of Neonet. “We are pleased to have secured a strong partnership with Neonet and happy that they provide their clients with access to our platform. QUOTE MTF is designed to be a low cost, ultra low latency one stop shop for European equities and ETFs. We believe that our no-frills business model adds value to the European trading landscape and its participants”, says Tamás Madlena, CEO of Quote MTF. With a superior technology platform combined with global market reach, Neonet delivers added value in an increasingly globally integrated equity market.By adding Quote MTF, Neonet offers its clients global liquidity across over 35 traditional exchanges, new alternative markets and dark liquidity venues. Neonet discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. For further information, please contact: Ulrika Lilja Head of Communications, Neonet +46 8 454 15 82