Instinet Europe Will Start Trading On SmartPool

Instinet Incorporated, an electronic trading and agency only brokerage services, announces that its European agency brokerage subsidiary, Instinet Europe Limited, has completed conformance testing on SmartPool, a new non displayed Multi lateral Trading Facility (MTF) for block trading launched by

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Instinet Incorporated, an electronic trading and agency-only brokerage services, announces that its European agency brokerage subsidiary, Instinet Europe Limited, has completed conformance testing on SmartPool, a new non-displayed Multi-lateral Trading Facility (MTF) for block trading launched by NYSE Euronext. As a result, Instinet Europe’s institutional clients will be able to have immediate access to it.

“Successfully connecting to SmartPool is another example of Instinet’s worldwide commitment to liquidity access for our clients, be it a dark pool or displayed market, MTF or exchange,” sayd Richard Balarkas, CEO of Instinet Europe Limited. “Starting today, Instinet’s global client base will be able to access SmartPool via sales traders, DMA or through our Instinet Execution Experts™ algorithms. SmartPool’s launch heralds an important new phase of competition amongst Europe’s traditional exchanges and new MTFs, and should provide improved liquidity and prices to the international trading community. As an agency broker whose sole mission is to achieve high-quality trade execution for our clients, we wish SmartPool every success.”

“We are delighted that a broker with the international reach of Instinet is connected from day one,” says commenting on the announcement, Yvette Roozenbeek, acting CEO of SmartPool. “We are confident that access to our liquidity pool will offer price improvement opportunities for Instinet’s international client base.”

D.C.

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