09:32 AM
ELECTRONIC TRADING
NeoNet, a Stockholm, Sweden-based vendor of front-end workstation software, has built an electronic interface to the Nasdaq Stock Market's trading network. The interface will provide customers of NeoNet with the ability to electronically access Nasdaq's soon-to-be-launched SuperMontage platform. In addition to Nasdaq, NeoNet also provides its clients with electronic access to the stock exchanges in London, Frankfurt, Paris, Amsterdam, Brussels, Stockholm, Helsinki, Copenhagen and Oslo. NeoNet plans to develop links to the Milan and Virt-x stock exchanges in the near future, and also expects to build an electronic bridge to the New York Stock Exchange by 2003.
Townsend Analytics, a trading systems vendor, has launched MarketGauge, an equity-trading and analysis system. Townsend has made the new application available to users of RealTick, its flagship direct-access trading system. Via MarketGauge, traders can view market data, analysis, market indicators and charts.
Computershare, a Sydney, Australia-based technology provider, has appointed Phillip DeFeo -- the chairman and chief executive of the Pacific Exchange -- to its board. Computershare expects the appointment of DeFeo to strengthen its push into the North American securities industry.
The International Securities Exchange, an all-electronic U.S. options market, has formed a partnership with the New York Mets to support the St. Vincent's Foundation -- a Bridgeport, Conn.-based charitable organization that helps cancer victims. During 2002, the ISE will donate $250 to the foundation for each Mets victory, with a minimum donation of $25,000 for the entire baseball season. "I'm rooting that (the ISE) has to write a check for more than $25,000, because I can do math," Mets Manager Bobby Valentine quipped at a Shea Stadium press conference.