NEW YORK, July 17, 2014 /PRNewswire/ -- Instinet Incorporated today announced that Instinet, LLC, its U.S. brokerage subsidiary, has reconfirmed its position as a leading institutional, agency-only, electronic brokerage following the announcement of Waters Rankings 2014.
Instinet achieved three awards in the rankings, WatersTechnology's only awards program voted on exclusively by its readers, namely:
- Best Agency Brokerage
- Best Crossing Network Provider
- Best Algorithmic Trading Provider
Jonathan Kellner, CEO of Instinet Incorporated, said: "We are delighted to be recognized with awards that underscore the strengths of Instinet's core client offering. Our achievement in Waters Rankings 2014 showcases Instinet's transparent, agency-only model and demonstrates that clients value our unique market insight, unparalleled expertise and truly independent platform."
Instinet's award-winning algorithmic trading suite, Execution Experts®, offers event-driven, multi-asset strategies to clients wishing to achieve their trading objectives on a global basis.
Mark Govoni, Instinet, LLC's Head of Sales and Trading, said: "Instinet's commitment to continuously enhance its algorithmic and liquidity tool sets remains a top priority and allows the firm to deliver best execution and value for clients. We are excited to be acknowledged with these awards, which reiterate our determination to remain on the front foot and provide clients with unparalleled service."
With over 40 years of industry experience, Instinet's agency brokers have consistently earned recognition from clients, garnering a number of awards for excellence in electronic trading. Most recently, in February 2014, Instinet, LLC was named Best Broker-Dealer for Equities in Wall Street Letter's Institutional Trading Awards for 2014.
As the equity execution services arm of the Nomura Group, Instinet Incorporated's subsidiaries provide independent, agency-only 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 unique agency-only liquidity, Instinet helps institutions lower overall trading costs and ultimately improve investment performance. Over the course of its 40+ year history, Instinet has introduced a range of now industry-standard trading technologies as well as the world's first major electronic trading venue, one of the first U.S. ECNs and, most recently, the Chi-X businesses. For more information, please visit instinet.com or follow Instinet on Twitter.
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