NeoNet Securities ultimate parent company is the Swedish group NeoNet AB, which is listed on the Stockholm Stock Exchange. “Some of the Irish stocks are components of main European indices and membership of the Irish Stock Exchange will give us the opportunity to provide clients with an even better service, particularly within program trading which is one of our focus areas. The addition of the Irish Stock Exchange will be followed by access to other exchanges, thus further expanding our clients’ cross-border trading opportunities,” said Simon Nathanson, Chief Executive Officer of NeoNet.”
“We welcome NeoNet’s decision to directly access the Irish equities market. Trading in Irish equities on the ISE has been strong with values traded showing growth of 50% over 2004 bringing year to date equity trading to more than €80 billion. The order flow and additional market connectivity that NeoNet brings will contribute further to this volume growth,” said Brian Healy, Director of Trading and Regulation of the ISE.
Mr Healy said that the Exchange is in discussions with a number of other firms, including some major international names in the global securities industry, who are expected to become trading members of the ISE in the coming months.
