NeoNet Opens London Office

Stockholm, 14 August 2002 - NeoNet, a leading provider of real-time equity trading services for institutional investors and broker-dealers, today announced that it is establishing a sales and representation office in London. NeoNet already has offices in Stockholm and New York.

"Our office in London will mean a clearer presence and awareness among our UK clients," said Torvald Bohlin CEO of NeoNet. "The UK is NeoNet's third largest market and London is the financial center of Europe. To have a local office is important to create confidence and also to further explore the potential of the UK market."

Clients can today access one third of the world's equity market capitalization over NeoNet's global exchange network, enabling clients to reduce the cost of execution and market impact by reaching several major liquidity sources and consolidating European and US trading strategies. This eliminates the need for several different systems and brokers for trading at different exchanges. NeoNet offers electronic trading access to the NASDAQ, London, Frankfurt, Paris, Amsterdam, Brussels, Milan, Stockholm, Helsinki, Copenhagen and Oslo stock exchanges. NeoNet also plans to connect to the Virt-x Stock Exchanges and the New York Stock Exchange by 2003.

NeoNet's global stock exchange network provides secure, real-time access to equity liquidity on leading stock exchanges for institutional investors and broker-dealers. NeoNet avoids any conflict of interest with clients' trading by acting only as an agency brokerage.

Tel. +44 20 7643 1675

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development