NEW YORK – Instinet, an electronic trading agency based in New York, has unveiled Newport, its portfolio trading system, and is farming it out to buy-side firms for free.
It has installed Newport at 44 firms – close to its year-end target of 50, says Instinet’s Natan Tiefenbrun, senior vice-president of analytical trading businesses. “There is up to a fivefold increase in business for firms using the system,” he says.
The trading system underwent beta testing in March 2002 for quant
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails