Instinet
Instinet is a global securities broker that operates an electronic trading and information system that allows members to display bids and offer quotes for stocks. It enables institutional customers to conduct transactions with each other in global markets. It also executes trades for asset management firms, hedge funds, insurance companies, mutual funds, and pension funds.
- Instinet provides sales trading services and trading technologies such as the Newport EMS, algorithms, trade cost analytics, commission management, independent research, and dark pools of liquidity.
- It is best known as one of the first off-exchange trading alternatives, with its “green screen” terminals prevalent in the 1980s and 1990s.
- According to industry research group Markit, in 2015, Instinet was the third-largest cash equities broker in Europe.