NEW YORK, June 15, 2016 /PRNewswire/ -- Instinet Incorporated today announced plans to offer U.S. equity research and U.S. research sales services through its agency brokerage platform in the Americas.
U.S. equity research and U.S. research sales personnel currently servicing clients from Nomura Securities International, Inc., will transfer to Instinet, LLC, upon regulatory approval. The new organizational structure will present clients with a focused, boutique-style content offering that is tightly paired with Instinet's deep liquidity and diverse execution capabilities currently provided to more than 1,000 clients.
"Over the past five years, Nomura has built a high-quality research product in the Americas that's driven by exceptional talent," said Jonathan Kellner, CEO of Instinet. "This provides us with a great framework to evolve our equity offering and allows us to partner with our clients more effectively in the investment and alpha-generation process. We look forward to the research team joining Instinet and to building this platform together."
"This change creates a differentiated model that puts the power of our research ideas together with Instinet's dominant U.S. brand and 45-plus years of best-in-class execution," said Penn Egbert, Head of Global Markets Research for Nomura in the Americas. "Our clients will benefit from the complementary strengths of the teams, and from a client-focused equities product with scale and reach."
Clients will continue to have seamless access to both Nomura and Instinet's research offerings globally.
As the equity execution services arm of the Nomura Group, Instinet Incorporated's subsidiaries provide independent, agency-model brokerage services to clients throughout the world. Through its advanced suite of electronic trading tools, experienced high-touch trading group and unparalleled access to insightful content and liquidity, Instinet brokers help institutions lower overall trading costs and ultimately improve investment performance. Over the course of its 45+ year history, Instinet Incorporated has introduced a range of now industry-standard trading technologies as well as the world's first major electronic trading venue and one of the first U.S. ECNs. For more information, please visit instinet.com.
©2016, 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, members IIROC/CIPF; in Europe by Instinet Europe Limited, which is authorized and regulated by the Financial Conduct Authority; in Hong Kong by Instinet Pacific Limited, which is authorized and regulated by the Securities and Futures Commission of Hong Kong; 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; and in the US by Instinet, LLC, member SIPC.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/instinet-to-integrate-nomura-us-equity-research-into-agency-execution-platform-300285172.html