Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today released Q4 2008 volume figures for its US-based subsidiary, Instinet, LLC. Overall average daily trading volume, average daily CBXTM volume and average daily volume executed through the Instinet Execution ExpertsTM algorithmic trading suite for the quarter all reached record levels for the 40-year old firm.
“Amidst unprecedented volatility in the U.S. markets, we’ve been very fortunate to have a loyal and growing client base that recognizes the value of our agency-only brokerage model,” said Anthony Abenante, co-CEO of Instinet Incorporated. “As 2009 begins, we remain steadfastly committed to providing an ever-improving suite of products and services to assist the buy-side in achieving best execution.”
 |
* Reflects commission-generating volume.
** Based on overall market figures from Thomson Reuters.
