The emission of the third continuum of argon in the wavelength range between 175 and 250 nm and the vacuum ultraviolet emission of neon (λ < 100 nm) has been studied by timeresolved optical spectroscopy. The target gases at pressures between 2 and 100 kPa were excited with a pulsed beam of 100 MeV 32S9+ ions from the Munich Tandem van de Graaf accelerator. Wavelength spectra recorded in different time windows after the 2-ns beam pulses show that two different components contribute to the third continuum of argon. A radiative lifetime of 5.71 ± 0.08 ns for the Ar22+ molecule and a rate coefficient k3 = (1.46 ± 0.12) x 10-30 cm6/s for the reaction Ar2+ + 2Ar → Ar22+ + Ar were obtained from the pressure dependence of time spectra at a wavelength of 190 nm. From time- and pressure-dependent studies of the third continuum emission of neon at a wavelength of 99 nm, rate coefficients k2 = (3.6 ± 0.3) x 10-13 cm3/s for the bimolecular reaction Ne2+ + Ne→ 2Ne+ and k3 = (2.84 ± 0.09) X 10-31 cm6/s for the termolecular reaction Ne2+ + 2Ne → Ne22+ + Ne were determined.