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Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that it has been named “Best Execution Management System Provider” by the readers of Waters magazine in the Waters Rankings 2010. The firm’s Newport® 3 EMS bested a field of ten platforms – including Bloomberg’s EMSX, Goldman Sachs’ REDIPlus®, Investment Technology Group’s Triton® and Portware Enterprise – in capturing the award.
“Newport 3 has become a feature-rich command center that helps clients achieve best execution with multi-asset tools tuned to operate in a volatile and fragmented global marketplace,” said Jon Zanoff, Global Head of EMS Strategy at Instinet.
He continued: “We are honored to have our efforts recognized by the industry. This is a validation of our strategic focus on real-time, actionable transaction analytics, unimpaired broker neutrality and industry-leading performance.”
Newport 3 is a premier multi-asset, broker-neutral execution management system. It serves as the primary gateway to Instinet’s entire product portfolio and enables users to understand risk, empower trading teams, customize trading strategies, execute globally, monitor progress and analyze performance. In addition to today’s award, Newport 3 was last year named “Best Execution Management System” by the readers of World Finance magazine.
The Eighth Annual Waters Magazine Rankings recognizes excellence in technologies provided to banks, brokerages and investment management firms worldwide.
