Best Execution Management System: Instinet

jon-zanoff-others-instinet-550

While Instinet may be better known (of late) in European circles as the owner and operator of Chi-X Global, the largest pan-European equities multilateral trading facility (MTF), the firm’s US reputation has been founded largely on its Newport EMS, the third generation of which was launched just over a year ago. If user numbers are a reflection of a product’s success, then Newport’s 1500-plus clients is a pretty emphatic endorsement. Newport 3 gives users access to Instinet’s range of high-touch to high-frequency trading services, including direct market access, smart order routing, algorithmic technology, and agency-only sales trading. The broker-neutral EMS connects to over 350 markets, including a large number of dark pools, in addition to scores of third-party trading desks, and supports proprietary and third-party trading algorithms. It also offers access to Insight, an integrated pre-trade, real-time and post-trade transaction-cost analysis platform, allowing clients to forecast risk and market impact; track multiple benchmarks—including proprietary benchmarks—in real time; and use post-trade analysis to validate strategies, monitor brokers and target best-execution obligations.

1 Instinet (17.1%)
2 SunGard (16.4%)
3 ITG (16.1%)

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: