Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today issued its global trading highlights for the third quarter. During the period the firm:
- Traded an average 372,223,863 US-listed equity shares daily (4.25% overall market share*), an increase in 42.0% over the previous year;
- Traded an average 284,474 US-listed options contracts daily (1.40% overall market share), a 211.7% increase over the previous year. This also included the execution of a single day firm-record 613,230 US-listed options contracts;
- Ranked in the top five for NYSE agency program trading in 11 of the quarter’s 13 weeks;
- Recorded a 41.5% year-over-year increase in value traded in the Asia-Pacific region, which included a single week firm-record $2.7 billion (USD) traded (non-Japan);
- Recorded a 15.2% year-over-year increase in value traded in Europe.
“We are pleased with our third quarter market share gains and volume growth across asset classes and around the globe,” said Anthony Abenante, co-CEO of Instinet Incorporated. “Our experienced staff, agency-only model and multi-asset technology continue to serve our clients well as they navigate today’s challenging markets.”
* Instinet volume is single counted in the market share calculation. The overall market volume figure used is from Thomson Reuters DataScope Select for the equities calculation and the Options Clearing Corporation for the options calculation.
