Instinet Sets Newport 3 Trade Value Record in Asia-Pacific

Thu Dec 16, 2010 7:00pm EST

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Instinet Sets Newport 3 Trade Value Record in Asia-Pacific

Through Newport 3, Instinet clients traded a firm record $4 billion USD in value last week

Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that for the week of 6-10 December, its Asia-Pacific clients’ trading value executed through the Newport® 3 EMS (execution management system) reached a firm record. Specifically:

  • Over $4 billion USD was traded through the platform;
  • Over $2 billion USD was traded through the platform in a broker neutral capacity, with volume routed to 22 other brokers in the region;
  • Clients trades were executed in 12 markets throughout the region: Australia, China*, Hong Kong, India*, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand.

Bryce Kelly, Head of Asia-Pacific Product Strategy, said that Instinet’s focus on augmenting its high-touch trading business with electronic tools had led to a significant uptick in client-directed volumes through Newport 3.

“This type of volume demonstrates that Newport 3 is not only a world-class EMS, but that it has also arrived as a world-class Asian EMS,” he said. “Our focus on enhancing the platform this year with new region-specific analytics (Insight) and algorithms (Execution Experts) appears to be paying off for us and our clients.

“The breadth of Newport 3’s destinations, combined with the stability and robustness of the system, have created a positive client experience leading to this record week,” Kelly added.

Glenn Lesko, CEO for Instinet in Asia, said the firm had enjoyed significant growth on the Newport 3 platform in Asia-Pacific throughout 2010 and predicted further growth in 2011.

“The above statistics represent only what’s been executed through our EMS,” he said. “We have considerable volumes of orders residing inside Newport 3, as well as a large agency-only brokerage business. All told this represents very significant liquidity within our platform. In the coming months we plan to release new solutions that will offer clients the ability to interact with liquidity directly from the EMS blotter through Nighthawk®, our global dark liquidity aggregation algorithm.”

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. Earlier this year, Instinet was named “Best EMS Provider” for Newport 3 by the readers of Waters magazine.

* Executed by third-party brokers via Newport 3 broker-neutral connections.

About Instinet

Instinet Incorporated 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, 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. Approved for distribution: in Australia by Instinet Australia Pty Limited (ACN: 131 253 686 AFSL No: 327834) which is regulated by the Australian Securities & Investments Commission; in Canada by Instinet Canada Limited, member IIROC/CIPF; in Europe by Instinet Europe Limited, which is authorized and regulated by the Financial Services Authority; in Hong Kong by Instinet Pacific Limited which is authorized and regulated by the Securities and Futures Commission of Hong Kong; in Japan by Instinet Japan Limited which is a Financial Instrument Dealer under the Financial Instrument and Exchange Law, registered with Kanto Local Financial Bureau (Registration No. 208) and is a member of Japan Securities Dealers Association (JSDA); in Singapore by Instinet Singapore Services Private Limited which is regulated by the Monetary Authority of Singapore, a trading member of The Singapore Exchange Securities Trading Private Limited and a clearing member of The Central Depository (Pte) Limited; to U.S. institutional clients by Instinet, LLC, member of SIPC.

The Continuum Partners
Kristin Westlake, +61-2-9449 8519
Mobile: +61-4-1621 9358
kwestlake@thecontinuumpartners.com
or
Instinet
Mark Dowd, +1-212-310-5331
Mobile: +1-201-376-9687
mark.dowd@instinet.com

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