NEW YORK – September 30, 2013 – Instinet Incorporated today announced that it secured two wins in The TRADE’s annual awards, which are selected by the buy side. In the algorithmic trading category, Instinet’s Execution Experts® were named the best overall platform by Asiabased clients. The Experts were also selected as the top suite for “Improving Trader Productivity” by voters globally.
Commenting on the awards, John Comerford, Head of Global Trading Research, said: “We take great pride in the fact that our algorithmic platform is globally consistent yet also flexible enough to meet the unique needs of specific markets and market segments. We appreciate this public recognition by our clients, and look forward to building on the progress we have made in collaboration with them.”
Over the past six months, The TRADE’s buy side readers voted on three shortlisted nominees in each award category. In addition to the two awards it won, Instinet was also included in the shortlist of two additional categories: Consistency with Pre-Trade Estimates for the Experts and Quality of Execution for Instinet’s Smart Order Router.
About Instinet
As the equity execution services arm of the Nomura Group, Instinet Incorporated’s subsidiaries provide independent, agency-only brokerage services to clients throughout the world. Through its advanced suite of electronic trading tools, experienced high-touch trading group and unparalleled access to insightful content and unique agency-only liquidity, Instinet helps institutions lower overall trading costs and ultimately improve investment performance. Over the course of its 40+ year history, Instinet has introduced a range of now industry-standard trading technologies as well as the world’s first major electronic trading venue, one of the first U.S. ECNs and, most recently, the Chi-X businesses. For more information, please visit instinet.com or follow Instinet on Twitter.