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Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its three Asian brokerage units have collectively been named “Best Electronic Brokerage House” by The Asset magazine in its Triple A Transaction Banking Awards for 2009 (www.theasset.com/storage/File/2009/Award/TB09.pdf).
“We are extremely pleased that Instinet’s unwavering commitment to helping clients achieve best execution through our agency-only model and advanced technologies has been recognised,” said Fumiki Kondo, Co-CEO of Instinet Incorporated.
The annual awards recognize institutions and individuals that have made a significant contribution to the development of the financial services sector in Asia, and are considered to be among the most prestigious in the industry due to their rigorous assessment process.
In addition to today’s award, Instinet was recognized in March 2009 for providing the “Best Execution Management System for 2009” by World Finance magazine and “Best Broker-Supplied Product/Service” for its SmartRouter™ in the 2008 Buy-side Technology Awards.
One of the largest agency-only brokers operating in Asia, Instinet employs over 50 sales and trading personnel in the region. Instinet offers a comprehensive suite of high-touch to high-frequency electronic trading services in Asia, including agency-only sales trading, global portfolio trading, global algorithmic trading/DMA, the Newport® 3 EMS, a comprehensive trade analytics platform and commission management services. In addition, the firm operates three ATS (alternative trading system) platforms in Asia – CBX™ ASIA, JapanCrossing™ and KoreaCross™.
NOTE: CBX ASIA is the brand name for Instinet’s CBX platform in Asia and is not licensed or regulated in any market as a pan-Asian platform. Instinet’s CBX offerings in each market are regulated under the relevant rules and regulations governing each jurisdiction.
