Anthony Abenante to Step Down as Co-CEO of Instinet Incorporated

NEW YORK, May 10, 2012 /PRNewswire/ -- Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that co-CEO Anthony Abenante will step down from his role as co-CEO. With his departure, which will follow an orderly transition of responsibilities, co-CEO Fumiki Kondo will assume sole leadership of the firm.

Commenting on the news, Naoki Matsuba, Joint Head of Global Equities at Nomura, said: "We would like to thank Anthony for his many contributions to the Nomura Group over the past nine years. We wish him nothing but the best in his future endeavors."

About Instinet

A Nomura Group company, Instinet 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 Chi-X Global Holdings LLC, in which it remains the majority shareholder. Through its subsidiaries, Instinet acts as a global agency-only broker, helping institutions lower overall trading costs and improve investment performance through an advanced suite of electronic trading tools, sales and portfolio trading, commission management services and access to independent research. For more information, please visit www.instinet.com.

©2012, 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 and Instinet Canada Cross Limited, members 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; and in the US by Instinet, LLC, member SIPC.

SOURCE Instinet