Neonet Ramps Up US Efforts, Aims for 80% Global Coverage

TRANSACTION SYSTEMS

NEW YORK--Signaling a dedicated expansion of its efforts to provide a global electronic marketplace for equity trading, Stockholm-based Neonet signed a deal earlier this month with Brut to offer clients direct access to the Nasdaq marketplace (TTW, April 23). Additionally, Neonet has moved into new US headquarters in midtown Manhattan and is looking to increase its US-based staff.

The connection to Nasdaq via the Brut ECN, which will be live in early 2002, represents the first US marketplace

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