Instinet Incorporated, a global provider of electronic trading and agency-only brokerage services, has released Q2 2008 volume figures for its US-based subsidiary, Instinet, LLC.
Volumes on the Instinet platform were up 59%, volumes on CBX were up 125%, and volumes on Instinet Execution Experts were up 93%.
“As indicated by our Q2 volume statistics, the combination of Instinet’s experienced sales traders, advanced technology and agency trading model again proved quite valuable to global investors,” says Anthony Abenante, co-CEO of Instinet. “Particularly encouraging was the contribution the Instinet Execution Experts made to the overall increase, as clients continue to leverage our sophisticated algorithms and SmartRouter as they seek best execution in an increasingly fragmented global marketplace.”
The full results are available on Instinet’s website.