Instinet’s US broker-dealer, Instinet, LLC, has connected to LeveL ATS, meaning that LeveL has become the latest US dark pool clients can access through any of the algorithms in the Instinet Execution Experts range.
“Institutional clients continue to express dissatisfaction in dealing with the great number of dark liquidity pools now available. Based on this feedback, we have embraced a philosophy of openness throughout our organisation by attempting to partner with all significant dark liquidity providers, which we believe is in both our clients and the industrys best interests,” says Michael Plunkett, president, Instinet, LLC.
“Instinets high-speed order delivery is well-aligned to benefit from LeveL ATSs unique framework and growing liquidity pool. Customers of LeveL, like Instinet, realise improved execution quality, anonymity for order handling, and a mechanism for enhanced, innovative and flexible order types,” adds Whit Conary, president, LeveL ATS.