Instinet Europe's Clients Are Welcome To Trade On SmartPool

Instinet Europe Limited, has successfully 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's European institutional clients will be able to have immediate access

By None

Instinet Europe Limited, has successfully 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’s European 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,” says Richard Balarkas, CEO, 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.”

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

L.D.

«