NeoNet announced access to the International Order Book (IOB), the London Stock Exchange’s market for liquid emerging markets securities. With this addition, NeoNet’s clients are offered high-speed direct market access trading in a broad selection of fast-growing economies’ securities.
The IOB is one of the leading marketplaces for emerging markets securities, capturing on average USD 11 bn in traded value each month. More than 245 securities are traded on the IOB by means of depositary receipts. Some of the most actively traded depositary receipts include: Lukoil, Gazprom, Unified Energy Systems of Russia, Surgutneftegaz, Norilsk Nickel, Samsung Electronics, Orascom Telecom, OTP Bank and Investcom.
The IOB market is based on an electronic order book similar to the London Stock Exchange’s SETS. During October 2005, the IOB enjoyed a record turnover of USD 16.98 billion, an increase of 82 percent on the same period last year.
NeoNet is an agency broker offering clients high-speed direct market access trading on the world’s leading stock exchanges. NeoNet offers trading access to the following exchanges: American Stock Exchange, Amsterdam, Brussels, Copenhagen, Dublin, Frankfurt, Helsinki, Lisbon, London (SETS, SETSmm and IOB), Madrid, Milan, Nasdaq, NYSE, Oslo, Paris, Stockholm, Toronto and Virt-x.