Instinet Fixed Income's European clients will now have access to and participate in IFIM's US Treasuries and Agencies global liquidity pool. Initially, this will be available to traders in Europe during New York trading hours and the service will be extended to include trading throughout European market hours.
Commenting on the launch, Peter Fenichel, CEO Global Fixed Income Markets said, "The addition of US Treasuries and Agencies broadens the scope and scale of our service for our European clients. It builds on our ongoing strategy to provide traders with access to our technology and electronic brokerage service which allows them to access real liquidity. The combination of a scalable broking platform and expert broking desks provides our clients the opportunity to trade more efficiently by reducing the market impact and opportunity costs of trading with the goal of achieving better performance on their trades."
Since its launch in Spring 2000, IFIM has built its capabilities to provide access to liquidity for the European and US inter-dealer community. Instinet Fixed Income Markets provides an electronic brokerage service combining a custom built trading platform with expert voice-brokerage support, so that traders have full anonymity, transparency and neutrality when they trade.
Instinet Fixed Income Markets' US service supports trading in approximately 270 U.S. government bond products, including basis and swap-based trades, and, 30 Federal Agencies. In Europe, the electronic brokerage service supports trading in 570 Euro-denominated bond products. Euro-denominated products currently include Euro sovereign instruments, as well as German Jumbo Pfandbriefe and Credit products. European markets can be traded as outright cash instruments, as a basis trade or as a spread trade.
