NeoNet, an agency broker offering clients direct market access (DMA), yesterday announced it will supply trading and brokerage access to the Tokyo Stock Exchange, Osaka Securities Exchange and Jasdaq Securities Exchange. This move will be followed by NeoNet offering access to additional exchanges in the Asian region.
“We are in a phase of rapid expansion and will continue to add new marketplaces and high-performance trading functionality,” says Simon Nathanson, CEO, NeoNet.
“We have seen an increasing demand from our clients to use NeoNet as their independent agency broker and DMA access point for their Asian trading,” notes Greg Treacy, director of US sales, NeoNet. “To best service the demands of our client base, we have increased staffing and set up trading operations from our US office covering the full suite of Asian market hours,” he adds.
Average daily trading on the Japanese markets amounts to approximately JPY 2900 bn (USD 25 bn) and 2 bn shares per day. There are over 4000 companies listed on the different markets including Toyota, Honda, Canon, Sony and Nissan.