Instinet Incorporated, a global leader in electronic trading and agency only brokerage services, today released Q2 2009 volume figures for its U.S.-based subsidiary, Instinet, LLC.
“Amid a U.S. equity market that has experienced a dramatic shift in volume demographics, we have successfully maintained daily volumes and continued to grow our CBX™ dark pool and the Instinet Execution Experts™ algorithmic platform,” said Anthony Abenante, co-CEO of Instinet Incorporated. “We see this as proof that we are effectively executing our agency-only model and have built a very strong and diverse client base.”
| Instinet, LLC Liquidity Highlights - Q2 2009 | ||
| Platform | Average Daily Volume (shares) | Year-over-Year Change |
| Instinet, LLC (U.S. Brokerage) | 377,267,700 | -2.8% |
| CBX | 47,040,076* | +42% |
| Instinet Execution Experts (algorithms) | 80,319,476 | +23% |
* Reflects commission-generating volume.
