“Our global customers can continue to count on us to help them achieve best execution,” said Ed Nicoll, CEO of Instinet Incorporated. “As we begin this next chapter in our company’s 36-year history, we remain committed to providing technologically sophisticated tools and services, supplied by our experienced and dedicated employee workforce, to the most demanding customers around the world.”
“Over the course of more than three decades, Instinet has played a leading role in enabling its global customers to meet the needs of a dynamic and growing trading marketplace,” said Glenn Hutchins, a cofounder and managing director of Silver Lake Partners. “We are extremely excited to build upon our longstanding relationship with Ed Nicoll and his talented management team as the company continues to provide excellent trading solutions to its customers.”
Instinet has long been recognized for its execution quality in large size block trades, small trades, as well as trading in small-cap securities. According to Plexus Group, Instinet ranked No. 1 in “value-added,” a measure of execution quality, for all block trades from 10,000 shares to 50,000 shares for the past six consecutive quarters. Similar Plexus Group studies evidenced that Instinet delivered better “valueadded” execution quality for its clients’ smaller trades, less than 2,000 shares, and ranked No.1 in execution quality for trading small-cap stocks (less than $1 billion). For more information, please visit www.instinet.com/knowledge_center/trading_notes/nov_15_05.shtml
