NeoNet will hire one additional junior trader to assist the senior team on the U.S. equity desk. “This person will have very high technical skills and excellent verbal and written skills with clients,” says Treacy. “Making smart decisions quickly will be this person’s strength,” he adds. The tech hire will expand the firm’s network and software support team and needs to be a quick thinker who deals well with clients, Treacy adds. In addition, NeoNet will be hiring a junior sales assistant to expand the sales team as it continues to grow its U.S. client base.

The Stockholm-based institutional agency broker reported record earnings in 2006 as a result of increased demand for its low-touch trading platform from U.S. hedge funds, traditional asset managers and broker dealers.

Operating revenues for the third quarter ending September 30, 2006, was $12.7 million, up from $8.7 million in the Q3 of 2005. Over the fist nine-months of this year, from January through September, it had $39.3 million in operating revenues as compared with $24.9 million in the first nine-month period. Operating earnings before depreciation (EBITDA) for the third quarter from July through September were $2.7 million, up from $1.5 million in the comparable quarter in 2005 while for the nine-months through September 2006, they were $8.5 million, versus $4.35 million for the same period in 2005.

Looking at the bigger picture behind its growth, Neonet contends that more institutional investors want to access international markets that meet their demands of speed, stability and functionality on a trading system that does not engage in proprietary trading, thereby eliminating the risk of conflict of interest.