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Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today released Q1 2009 volume figures for its US-based subsidiary, Instinet, LLC.
“Instinet has grown to become one of the preeminent global agency-only brokers by maintaining a sole focus on providing the buy-side with the products and services they require to achieve best execution. While the overall market remains challenging, clients more than ever recognize the value that our model, technology and sales traders deliver,” said Anthony Abenante, co-CEO of Instinet Incorporated.
| Instinet, LLC Liquidity Highlights – Q1 2009 | ||
| Platform | Average Daily Volume (shares) | Year-over-Year Change |
| Instinet, LLC (U.S. Brokerage) | 458,726,026* | +11% |
| CBX™ (U.S. dark pool) | 60,755,723* | +56% |
| Instinet Execution Experts™ (algorithms) | 80,449,930 | +26% |
* Reflects commission-generating volume.
