"We can provide our clients with the best of both worlds: quality agency execution combined with unbiased independent research," said Mike Plunkett, President, North America, Instinet, LLC. "Buy-side firms now see more value in unbiased independent analysis without the traditional Wall Street conflicts of interest such as investment banking and proprietary trading. As a trusted advisor, we can direct our institutional clients to research partners who have a proven track record of delivering high-quality analysis to institutions."
Instinet, the Unconflicted Institutional Broker, has initially partnered with four independent research firms, each specializing in a sector important to institutional investors. Partners include Cross Industrial Research for the Automotive & Industrial sector, Datamonitor for the Pharmaceutical & Biotechnology sector, Ross Smith Energy Group covering the Oil and Gas sector and Retail Intelligence Group in Retailing & Restaurants.
Instinet will exclusively market and distribute the partners' research though its global sales and agency trading platform. As part of this relationship, the research partners will receive a range of payment options, comprehensive account coverage, compliance and editorial supervision, and other support services.
