NEONET CONFERENCE URGES BUY-SIDE FIRMS TO RE-EVALUATE EXECUTION PROCESSES AND INCORPORATE NEW TECHNOLOGY

London, 25th October, 2002 - This week, at the 'Future of Trading' conference hosted by NeoNet, an agency broker providing real-time equity trading services for institutional investors and broker-dealers, buy-side institutions were encouraged to re-evaluate their business models to incorporate electronic trading in line with industry trends and developments. The Conference provided an opportunity to learn from industry experts about the benefits of reduced costs and minimized errors through the front office straight through processing (STP) that electronic trading brings.

NeoNet's 'Future of Trading' conference, the first of its kind in Scandinavia, brought together key executives from sell-side and buy-side institutions to discuss practical issues in the implementation of front office STP and automation of trading processes. Industry experts from leading investment banks and premier software providers gave attendees insight into the possibilities for advanced trading strategies and the changing roles of brokers and fund managers in implementing electronic trading. Speakers included: John White, Head of Strategic Projects Group, HSBC Investment Bank; Nils Nilsson, CEO, Orc Software; Ã…sa Palm, Executive Director Equities Electronic Execution, UBS Warburg; Maria Domnick, Head of European Client Connectivity, Credit Suisse First Boston; Robert Boardman, Executive Director Electronic Execution, Goldman Sachs International; Steven Langton, Head of Sales EMEA, Macgregor; and Elizabeth Sipiere, CEO, Interbizz.

Torvald Bohlin, CEO, NeoNet, comments, "With the increased globalization and fragmentation of the market, coupled with the prevalence of advanced trading strategies, the need to implement electronic trading processes is imperative. Investment management firms will have to re-evaluate execution processes to reduce costs and market impact and brokerage firms will have to incorporate technology to provide value-added services and remain competitive. At NeoNet, we are dedicated to providing our clients with the best possible method of execution through our trading desk as well as through direct access trading through our global exchange network and we are committed to continuing to share with them the possibilities that electronic trading presents."

For more information please contact Stefanie Davidson on +44 (0) 20 7936 9058

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