Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its Newport®3 EMS has won the “Innovation in Dealing Technology” award in The Banker magazine’s 2011 “Innovation in Banking Technology Awards”. Newport 3 was described by the magazine as the “stand-out winner,” capturing the sole award in the category.
Commenting on the award, Frank Freitas, Global Head of Product Management at Instinet, said: “As an integral gateway to our entire global product suite, Newport 3 allows both our clients and our sales traders to intelligently source liquidity around the world, access hundreds of broker-neutral destinations and leverage a sophisticated, fully-integrated analytics platform. We’ve spent significant time and energy collaborating with our clients to optimize Newport, and are proud that The Banker has joined so many of our industry peers in recognizing our industry-leading EMS.”
Newport 3 is a premier multi-asset, broker-neutral execution management system, allowing users to understand risk, empower trading teams, customize trading strategies, execute globally, monitor progress and analyze performance. In addition to today’s award, Instinet was last year named “Best EMS Provider” by the readers of Waters magazine for Newport 3, and in 2009 the platform was named “Best Execution Management System” by World Finance magazine.
Judged by a panel of respected and independent industry experts, The Banker’s ninth annual “Innovation in Banking Technology Awards” seek to identify and celebrate innovation and excellence in all areas of banking technology.
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Instinet’s Newport 3 Wins The Banker’s “Innovation In Dealing Technology” Award
Date 02/06/2011