05.06.2016

Instinet Integrates Luminex Liquidity Via Newport 3 EMS

05.06.2016

NEW YORK – Instinet Incorporated (Instinet) today announced that its US brokerage subsidiary, Instinet, LLC, now offers buyside clients access to Luminex Trading & Analytics’ full suite of products through Newport 3, Instinet’s award winning global EMS.

Newport users may now search for large institutional blocks of liquidity by electing to expose shares to Luminex. They may access the full suite of Luminex ATS tools to auto-execute orders and ‘size up’ on conditional (blotter sweep) shares. The integrated offering heralds the next generation of blotter registration and offers buyside investors the opportunity for greater oversight of their trading exposure.

Instinet, LLC worked closely with Luminex since before its launch in October, 2015. Newport is one of the first broker-neutral EMS platforms to provide the buyside access to the full suite of Luminex products, which is the culmination of understanding and listening to client demand. This recently completed integration creates a new potential opportunity in the marketplace for the buyside investor.

“We are delighted to have worked closely with Instinet, LLC to address how its clients could more easily take advantage of access to our complete offerings,” said Jonathan A. Clark, CEO of Luminex. “Luminex was created to provide the buyside community with a more efficient, lower cost and transparent block trading experience. As we grow, we will continue to evaluate ways to enhance our overall customer experience, and deliver on our commitment to provide innovative, transparent and collaborative solutions to our customers in the years ahead.”

“Instinet’s collaborative efforts to allow client access to Luminex demonstrates our commitment to drive innovation, while understanding what our clients need. During this integration we took clients’ valued input and feedback and applied it to Newport’s redesigned workflow. We’re excited to give the buyside a new choice when it comes to selecting the tools that help them better achieve their trading goals,” said Jonathan Kellner, CEO, Instinet Incorporated.

As an agency-focused broker-dealer with a global broker-neutral EMS, Instinet, LLC prides itself on offering investors the access necessary to source all their liquidity needs, and its ability to offer solutions for those investors as they navigate today’s trading environment.

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 helps institutions lower overall trading costs and ultimately improve investment performance.

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