Instinet Upgrades Commission Management Tools

Users are now able to qualitatively rate a provider's services through the Provider Rating tool. Results are relative to other entities and generate a report card, although Instinet will also provide access to raw data if desired. Other enhancements include the aggregation of commission credits generated through fixed-income trades, in line with the T*Share program. Users are able to consolidate client commission arrangements (CCAs) and commission sharing arrangements (CSAs) held by brokers, with soft dollar balances.

"CSA and CCA programs continue to gain favor worldwide as a means to provide transparency into the commission payment process, and Instinet has long been at the forefront of driving this trend," says Luke Mauro, hlobal head of operations at Instinet. "Over the years we've worked extensively with our clients to develop commission management system solutions that deliver tangible workflow benefits, and we're pleased to build on this legacy of collaborative innovation with these latest enhancements."