Instinet Highlights Positive 1Q Results

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

By None

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.

«