Instinet Europe Set to Begin Trading on Turquoise at Launch

Completed conformance testing ensures IEL's participation on MTF's
August launch
LONDON--(Business Wire)--
Instinet Incorporated, a global leader in electronic trading and
agency-only brokerage services, today announced that its European
agency brokerage subsidiary, Instinet Europe Limited (IEL), has
successfully completed conformance testing on the Turquoise trading
platform. As a result, Instinet Europe's institutional clients will be
able to have immediate access to the multilateral trading facility
(MTF) from its scheduled August launch date.

"Successfully connecting to Turquoise marks a major milestone in
the continued development of our smart order routing capabilities,"
said Richard Balarkas, CEO of Instinet Europe Limited. "From the
moment Turquoise goes live, Instinet's global client base will be able
to access it via sales trader, DMA or through our Instinet Execution
Experts(TM) algorithms. Additionally, Instinet Europe's BlockMatch(TM)
dark pool - itself a registered MTF - will have the ability to
dynamically access Turquoise's dark order types."

Added Balarkas: "Turquoise's launch heralds an important new phase
of competition amongst Europe's traditional exchanges and new MTFs,
and should provide improved liquidity and prices to the international
trading community. As an agency broker whose sole mission is to
achieve a high-quality trade execution for our clients, we wish Eli
Lederman and his team every success."

Instinet Europe Limited is one of Europe's largest agency
brokerages and is a top 10 broker by market share ranking on the
London Stock Exchange(1). The firm employs more than 40 sales and
trading personnel in four European locations. Instinet Europe provides
its clients with a comprehensive suite of trading services that
includes agency sales trading, global portfolio trading, algorithmic
trading/DMA, smart order routing, commission management and its
BlockMatch dark pool.

About Instinet

Instinet is an electronic trading pioneer, having established the
world's first significant 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, dark pools
and EMS platforms, and also provide sales trading, commission
management services and independent research; and the Chi-X(R) trading
systems, which aim to improve the efficiency of capital markets
globally by providing high-performance, low-cost alternative execution
venues. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc.
For more information, please visit www.instinet.com.

(C)2008 Instinet Europe Limited. All rights reserved. INSTINET is
a registered trademark in the United States and in other countries
throughout the world. Approved for distribution in Europe by Instinet
Europe Limited, which is authorised and regulated by the United
Kingdom's Financial Services Authority.

(1) According to the London Stock Exchange's reporting service.

Instinet
Mark Dowd, 212-310-5331
First Vice President, Global Corporate
Communications & Public Relations
mark.dowd@instinet.com
or
Streets Consulting Ltd. for Instinet Europe Limited
Julia Streets, + 44 7976 205552
julia.streets@streetsconsulting.com

Copyright Business Wire 2008