Instinet Incorporated, engaged in electronic trading and agency-only brokerage services, releases Q1 2009 volume figures for its US-based subsidiary, Instinet, LLC.
Average Daily Volume (shares) for Instinet, LLC (U.S. Brokerage) platform reached 458,726,026, +11% in year-over-year change. CBX (U.S. dark pool) gained 60,755,723 shares in average daily volume, +56% in year-over-year change. Instinet Execution Experts (algorithms) reached 80,449,930 shares, +26% in year-over-year change.
Instinet has grown to become one of the preeminent global agency-only brokers by maintaining a sole focus on providing the buy-side with the products and services they require to achieve best execution, says Anthony Abenante, co-CEO, Instinet Incorporated. While the overall market remains challenging, clients more than ever recognize the value that our model, technology and sales traders deliver.
L.D.