(Vienna/Stockholm) The Swedish broker NeoNet will join Wiener Börse AG as a trading member starting March, 6th, 2006. Wiener Börse has acquired NeoNet as the 29th international trading member. A total of 70 Austrian and foreign investment banks are currently admitted as trading members to Wiener Börse.
"Wiener Börse has become international. Just five years ago, there were practically no international members and thus also hardly any international trading on Wiener Börse. Today, the share is over 50%," said Michael Buhl, member of the management board of Wiener Börse AG. The steadily growing interest – for years now – of international investment banks is a clear sign that Austria’s capital market is gaining a standing as a modern financial marketplace in the international financial community, according to Mr. Buhl.
"We have seen growing demand from our client base of leading investment banks and institutions for trading on the Vienna Stock Exchange," said Simon Nathanson, CEO of agency brokerage NeoNet. "With Vienna we can offer trading on 20 European and US marketplaces using our high-performance direct market access services."
NeoNet is an agency broker offering clients neutral and high-speed direct market access (DMA) trading and sales trader assisted execution services on European and North American stock exchanges. Many of the world's leading fund managers and investment banks trust NeoNet for truly independent, cost-effective and quality execution services. NeoNet has offices and sales representation in France, Germany, Italy, Sweden, US and UK.