IFAs advising clients on which broker-dealer to choose for establishing a nominee account may want to...
That will add to the real-time execution services it already provides institutional investors and broker-dealers through its connections to the London, Frankfurt, Stockholm, Helsinki, Oslo and Copenhagen stock exchanges.
Adding Euronext - the name for the amalgamated exchanges of Amsterdam, Brussels and Paris - will mean Neonet customers can access nearly 80% of the value of all Europe's stocks, in line with previously stated goals.
The next target is to provide execution services covering 80% of the entire global market capitalisation.
Connecting to more exchanges will bring Neonet into further competition with other providers of execution services, but the result of more competition is lower fees for customers, meaning European investors should see further moves to bring execution fees in line with prices charged in the US.
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