Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its Execution Experts® algorithmic trading suite have won the “UK Clients Award” in The Trade’s 4th Annual Algorithmic Trading Survey.
The “UK Clients Award” is a measure of performance across all 11 functional categories – ranging from execution consistency and speed of execution to price improvement, market impact reduction and consistency with pre-trade estimates – in the survey of more than 300 buy-side respondents.
“We are delighted that our suite of algorithms, the Execution Experts, have been recognized by the UK buyside in The Trade’s Algo Awards.”, said Richard Balarkas, CEO of Instinet Europe Limited. “The European marketplace is changing all the time and we are constantly adapting the algorithms accordingly to ensure that clients can achieve their trading goals. For us to have led the field in these awards offers a sense of how many UK buy-side firms are clients of Instinet. We are humbled that they have elected to vote for us.”
