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London Stock Exchange And NeoNet In Cooperation For Easier Exchange Access

Date 13/05/2003

The London Stock Exchange and NeoNet announced today that they have entered an agreement to market jointly NeoNet's electronic execution services to Nordic brokers and investors. The NeoNet service enables efficient, direct market access to stock trading on the London Stock Exchange and other leading exchanges.

The Exchange's recently opened Nordic Office has introduced the new initiative to facilitate trading access for Nordic investors to the London markets. This is part of a continuous programme to make it as easy for investors in the Nordic region to trade shares on the London Stock Exchange as on the Nordic exchanges.

NeoNet has been a member of the Exchange since 2000 and provides direct trading access to London's markets for non-members in the Nordic region.

Marcus Hamberg, the Exchange's manager for the Nordic region, said: "By promoting connectivity solutions such as NeoNet, we aim to make it even easier for Nordic investors to trade Nordic and other shares in London. This is also a step in our ambition for Nordic companies to gain the global benefits that a London listing offers, whilst still being accessible to their local investors."

Tony Svensson, NeoNet's Head of European Sales, said: "The London Stock Exchange offers great opportunities for Nordic investors and companies. We are delighted to be working with the Exchange and facilitating their efforts in the Nordic market through our existing execution service and infrastructure."