Skandiabanken chooses Neonet’s trading platform
• Neonet provides Skandiabanken with infrastructure and technology for accessing the Nordic markets, including the new exchange systems from Nasdaq OMX (INET) and Oslo Börs (TradElect) and the new alternative markets (MTFs) to follow. • The fully managed solution provided by Neonet gives Skandiabanken a secure, flexible and cost-efficient solution for their clients in the fragmented market. Stockholm, September 15, 2009 - Neonet, the provider of global agency brokerage and trading technology, today announces that Skandiabanken will use Neonet's technology offering, Neonet XG.
The solution will be delivered as a fully managed service by Neonet and includes market access to the primary markets and new MTFs in Stockholm and Oslo. In addition Neonet will provide Smart Order Routing technology with consolidated market data, and the front-end application Neonet XG Trader. Neonet’s XG technology is a proven and cost-effective solution that facilitates multi market trading for market participants. Eva Zetterdahl, Head of Product and Business development at Skandiabanken, comments: "In order to provide our clients with the best tools and services, we continuously develop our offering. In an increasingly competitive market, the Nordic exchanges and MTFs are changing and updating their systems at a high pace. In Neonet we have found a leading provider of fully managed trading technology services whose Nordic offering will benefit our clients.” Simon Nathanson, President and CEO of Neonet, comments on today’s announcement: "We are delighted that Skandiabanken has chosen us as a technology provider. Our offering is built on our experience of providing access to more than 35 markets worldwide. It is clear that the competition between liquidity venues now has reached the Nordics. With our fully managed technology service including infrastructure, software and market access, Neonet ensures that clients benefit from the increased competition between different venues.” Neonet discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.