Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today released Q2 2008 volume figures for its US-based subsidiary, Instinet, LLC.
“As indicated by our Q2 volume statistics, the combination of Instinet’s experienced sales traders, advanced technology and agency trading model again proved quite valuable to global investors,” said Anthony Abenante, co-CEO of Instinet Incorporated. “Particularly encouraging was the contribution the Instinet Execution Experts™ made to the overall increase, as clients continue to leverage our sophisticated algorithms and SmartRouter as they seek best execution in an increasingly fragmented global marketplace.”
* Reflects commission-generating volume.
** Based on overall market figures from Thomson Reuters.