Neonet Will Provide Access to Oslo Børs New North Sea Dark Pool at Launch

April 20, 2015 - PRLog -- Neonet, the independent agency broker and execution specialist, today announced that it will be an early adopter of and provide its clients with access to North Sea,the re-launched dark pool functionality from Oslo Børs. This includes fully integrated DMA, Smart Order Router and algorithm support. North Sea will allow Oslo Børs members to execute larger orders, at mid-price, in a dark pool, in an exchange regulated environment. The new version of North Sea is launched today, 20^th April 2015.

“It is essential for us, as an independent execution specialist, to offer comprehensive access to a range of liquidity sources to our clients and we therefore closely monitor the development of new venues and liquidity pools,” said Tim Wildenberg, Chief Executive Officer of Neonet. “With our Nordic heritage we are happy to announce access to the new North Sea dark pool for Oslo-listed securities leveraging the proven Millennium technology.”

“We are pleased to see the interest from members in our new North Sea Dark Pool. Larger investors increasingly want the protection that they have found dark pools offer. The dark pool functionality we are introducing allows us to offer this in a well-regulated and monitored stock exchange environment with reference prices that are directly related to pricing on our transparent market”, comments Bente A. Landsnes. President and CEO of Oslo Børs.

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Media contacts

Neonet:
Melanie Budden
The Realization Group
melanie.budden@therealizationgroup.com

+44 (0) 7974 937970

Oslo Børs:
Geir Harald Aase, Communications Manager
GeirHarald.Aase@oslobors.no
+47 22 34 19 15

About Neonet

Neonet is an execution service provider that offers independent, flexible and transparent execution services, which significantly reduce the cost of trading for users. All trades are executed on regulated markets and Neonet does not engage in proprietary trading or any other financial activity that could result in any potential conflicts of interest. Neonet serves clients in over 20 countries.

The company was earlier listed but is currently privately owned by a consortium of owners including Hay Tor Capital LLP, KAS Bank N.V., Nordic Capital / Cidron Delphi Intressenter AB and Neonet management.

For more information, please go to www.neonet.com

About Oslo Børs

Oslo Børs is the only regulated market for securities trading in Norway. Oslo Børs offers marketplaces for an extensive product portfolio that includes equities, derivatives and fixed income instruments. Oslo Børs is part of the Oslo Børs VPS group, which offers products and services for the entire securities value chain, ranging from marketplaces for listing and trade in securities, registration of ownership, and clearing and settlement of securities in Norway, through to market data and on-line solutions.

For further information, please visit http://www.oslobors.no