"Trading access to Toronto clearly enhances our client offering with a broader North American marketplace coverage complementing our current trading access to the leading US marketplaces," said Peter Kearns, President of NeoNet in the US.
"The addition of Toronto will be followed by access to the SWX Swiss Exchange, Dublin and Vienna exchanges during autumn and winter, thus further expanding our clients' cross-border trading opportunities," said Simon Nathanson, CEO of NeoNet.
As with all markets which NeoNet trades, clients will have the choice of trading electronically using direct market access (DMA) or have their order execution facilitated by NeoNet's experienced trading desk. NeoNet offers trading on both the Toronto Stock Exchange and the TSX Venture Exchange, which have a combined daily average turnover exceeding 250 million shares. The addition of the Toronto marketplaces gives clients trading access to 4,000 Canadian securities. More than 200 of the listed stocks are also traded on the New York Stock Exchange, Nasdaq or Amex, creating cross-border trading opportunities for clients since NeoNet offers trading access to all of these marketplaces.
The Toronto marketplaces feature listed stocks within fast growing industry sectors such as Gold, Energy, BioTech and Technology. Some of the most actively traded stocks include Nortel Networks Corporation, UTS Energy Corporation, Bombardier Inc. Cl B SV, Noranda Inc., Tahera Diamond Corp. J, Abitibi-Consolidated Inc., Queenstake Resources, BCE Inc., EuroZinc Mining J and Goldcorp Inc. The main index for Toronto Stock Exchange is the S&P/TSX Composite Index(tm).
In addition to the Toronto Stock Exchange, NeoNet offers clients integrated and transparent trading access to the following exchanges: American Stock Exchange, Amsterdam, Brussels, Copenhagen, Frankfurt, Helsinki, Lisbon, London, Madrid, Milan, Nasdaq, NYSE, Oslo, Paris, Stockholm and Virt-x.
NeoNet is an agency broker offering clients efficient direct market access (DMA) trading on the world's leading stock exchanges. The DMA trading can be fully integrated with sales trader assisted trading on behalf of clients. In addition, banks and broker-dealers can trade with their own memberships using the new NeoNet Exchange Gateway service.