The number of remote member firms on the equity market now totals 19 out of a total of 44 member firms. The remote members’ market share has increased significantly in recent years and has reached 28 per cent in the first four months of this year.
Deputy president of OMX Exchanges Hans-Ole Jochumsen says: “We are proud to welcome one of the most important players on the global stock exchange marketplaces at the Copenhagen Stock Exchange. This confirms that we have pursued the right strategy of being a member of the NOREX Alliance and part of OMX Exchanges thus basing our businesses on the same efficient trading platform, which supports the attractiveness of our markets. Instinet is the third new member at the Copenhagen Stock Exchange since we merged with OMX, and there is therefore great potential for increasing liquidity.”
Natan Tiefenbrun, President of Instinet International LLC says: “The provision of a direct link to Copenhagen and Oslo forms part of our ongoing strategy to offer the fastest and lowest cost direct access to European stock exchanges. The speed of our linkages is critical to delivering best execution for DMA, algorithmic and portfolio trading clients, whether they access Instinet from a FIX-compliant order or trade management system, or from one of Instinet’s proprietary front ends.”
Instinet participates in over 40 markets and exchanges worldwide and currently offers direct access to the following global markets:
UK & Europe: Borsa Italiana, Copenhagen Stock Exchange (OMX), Euronext Amsterdam, Euronext Brussels, Euronext Paris, Frankfurt Stock Exchange (Xetra), Helsinki Stock Exchange (OMX), London Stock Exchange, Madrid Stock Exchange (SIBE), Oslo Stock Exchange, Stockholm Stock Exchange (OMX), Swiss Stock Exchange Vienna Stock Exchange and virt-x.
North America: NYSE, NASDAQ including ECNs, and Toronto Stock Exchange.
Asia: Australian Stock Exchange, Hong Kong Stock Exchange, Korean Stock Exchange, Singapore Stock Exchange and Tokyo Stock Exchange.
