NeoNet’s U.S. Operations Show Dramatic Growth in Trading Volume and Revenue
NEW YORK, N.Y.—May 20, 2002—NeoNet, a leading provider of real-time equity trading services for institutional investors and broker-dealers, today announced that its U.S. operations have experienced tremendous growth in revenue and trading volumes for the first quarter of 2002 compared to the same period a year earlier. NeoNet’s U.S. operation, which represents the order flow of U.S.-based institutional traders executing on European equities exchanges, achieved a 321 percent increase in total turnover during the first quarter of 2002. Daily turnover surged 303 percent to $94 million from $23.