Recognition of Newport 3 by the Industry Validates Firm’s Development Strategy for Multi-Asset, Broker-Neutral EMS Platform

NEW YORK--(BUSINESS WIRE)-- Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that it has been named “Best Execution Management System Provider” by the readers of Waters magazine in the Waters Rankings 2010. The firm’s Newport^® 3 EMS bested a field of ten platforms – including Bloomberg’s EMSX, Goldman Sachs’ REDIPlus^®, Investment Technology Group’s Triton^® and Portware Enterprise – in capturing the award.

“Newport 3 has become a feature-rich command center that helps clients achieve best execution with multi-asset tools tuned to operate in a volatile and fragmented global marketplace,” said Jon Zanoff, Global Head of EMS Strategy at Instinet.

He continued: “We are honored to have our efforts recognized by the industry. This is a validation of our strategic focus on real-time, actionable transaction analytics, unimpaired broker neutrality and industry-leading performance.”

Newport 3 is a premier multi-asset, broker-neutral execution management system. It serves as the primary gateway to Instinet’s entire product portfolio and enables users to understand risk, empower trading teams, customize trading strategies, execute globally, monitor progress and analyze performance. In addition to today’s award, Newport 3 was last year named “Best Execution Management System” by the readers of World Finance magazine.

The Eighth Annual Waters Magazine Rankings recognizes excellence in technologies provided to banks, brokerages and investment management firms worldwide.

About Instinet

Instinet is an electronic trading pioneer, having established the world’s first major electronic trading venue in 1969, one of the first recognized U.S. ECNs in 1997 and the first pan-European MTF in 2007. Through its subsidiaries and affiliates, Instinet operates two distinct business lines: a global network of agency-only brokers that seek to help institutions lower overall trading costs and improve investment performance through the use of innovative electronic trading products, including smart-routing, algorithms, DMA, TCA, dark pools and EMS platforms, and also provide sales trading, commission management services and independent research; and the Chi-X^® Global businesses, which aim to improve the efficiency of capital markets globally by providing high-performance, low-cost alternative execution venues and the technology required to power them. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please visit www.instinet.com.

©2010, Instinet Incorporated and its subsidiaries. All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world. Instinet LLC, member of SIPC, assumes responsibility for distribution to U.S. institutional investors.

CONTACT:

Media
Instinet Incorporated
Mark Dowd, Executive Director
Global Corporate Communications & Public Relations
Phone: +1-212-310-5331
Mobile: +1-201-376-9687
mark.dowd@instinet.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Professional Services  Banking  Finance

MEDIA:

Logo