Instinet Incorporated 1095 Avenue of the Americas New York, NY 10036 212.310.9500
Instinet Connects to Nordic@Mid Dark Pool
LONDON – 28 February 2011 – Instinet Incorporated, a global leader in electronic trading and agency-
only brokerage services, today announced that its Instinet Europe Limited subsidiary has connected to
Nordic@Mid, NASDAQ OMX’s non-displayed trading facility for its Nordic exchanges. Effective
immediately, Instinet Europe’s institutional clients can access Nordic@Mid via Instinet’s Execution
Experts™ algorithmic suite or its award-winning SmartRouter.
Nordic@Mid matches non-displayed orders at the midpoint of the primary market’s best bid and offer.
The platform currently covers stocks listed on NASDAQ OMX’s cash equity markets in Copenhagen,
Helsinki, Iceland and Stockholm, and will be extended to cover Norwegian shares later this quarter.
“In Europe, Instinet’s SmartRouter and algorithms access more than 40 exchanges, MTFs and broker-
operated dark pools, and we are pleased to add the Nordic@Mid dark pool as the latest venue,” said
Richard Balarkas, CEO of Instinet Europe. “Our approach to liquidity sourcing is 100 percent aligned
with our clients’ interests and their goal of finding the best priced liquidity available. We never
compromise that goal by prioritising venues based on our costs of trading or the rebates offered.”
Bjørn Sibbern, Senior Vice President for Nasdaq OMX Nordic Equities Markets, commented, “We are
delighted that a broker with the global stature of Instinet has connected to our Nordic dark liquidity venue.
We are confident that access to our liquidity will offer price improvement opportunities for Instinet’s
global client base.”
Nordic@Mid ensures transparency concerning price determination, enabling trading members to
minimize their trading costs. By always matching orders at the primary market midpoint, there is little
market or price impact. Executed Nordic@Mid trades are published real time via the public NASDAQ
OMX Nordic data feed.
About Instinet
Instinet is an electronic trading pioneer, having established the world’s first major electronic trading
venue in 1969, one of the first recognized U.S. ECNs in 1997 and the first pan-European MTF in 2007.
Through its subsidiaries and affiliates, Instinet operates two distinct business lines: a global network of
agency-only brokers that seek to help institutions lower overall trading costs and improve investment
performance through the use of innovative electronic trading products, including smart-routing,
algorithms, DMA, TCA, dark pools and EMS platforms, and also provide sales trading, commission
management services and independent research; and the Chi-X® Global businesses, which aim to improve
the efficiency of capital markets globally by providing high-performance, low-cost alternative execution
venues and the technology required to power them. Instinet is a wholly-owned subsidiary of Nomura
Holdings, Inc. For more information, please visit www.instinet.com.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world''s largest exchange company. It delivers trading, exchange
technology and public company services across six continents, with approximately 3,600 listed
companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe,
including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX
First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX
technology supports the operations of over 70 exchanges, clearing organizations and central securities
depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen,
Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit
http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook
(
http://www.facebook.com/nasdaqomx) and Twitter (
http://www.twitter.com/nasdaqomx).
Media Contacts
Julia Streets / Sybille Mueller
Streets Consulting Ltd. for Instinet Europe Limited
Phone: + 44 20 7959 2235
Email: julia.streets@streetsconsulting.com
Email: Sybille.mueller@streetsconsulting.com
Mark Dowd
Executive Director, Global Marketing and
Communications
Phone: +1-212-310-5331
Mobile: +1-201-376-9687
Email: mark.dowd@instinet.com
Carl Norell
Communications Manager, NASDAQ OMX
Phone: +46 8 405 6639
Email: carl.norell@nasdaqomx.com
©2011, Instinet Incorporated and its subsidiaries. All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the
world. Approved for distribution in Japan by Instinet Japan Limited which is a Financial Instrument Dealer under the Financial Instrument and Exchange Law,
registered with Kanto Local Financial Bureau (Registration No. 208) and is a member of Japan Securities Dealers Association (JSDA). Approved for distribution in
Hong Kong by Instinet Pacific Limited which is authorized and regulated by the Securities and Futures Commission of Hong Kong. Approved for distribution in
Australia by Instinet Australia Pty Limited (ACN: 131 253 686 AFSL No: 327834) which is regulated by the Australian Securities & Investment Commission.
Approved for distribution in Singapore by Instinet Singapore Services Private Limited, which is regulated by the Monetary Authority of Singapore and is a trading
member of The Singapore Exchange Securities Trading Private Limited and a clearing member of The Central Depository (Pte) Ltd. Approved for distribution in
Europe by Instinet Europe Limited, which is authorized and regulated by the Financial Services Authority. Approved for distribution in Canada by Instinet Canada
Limited, member IIROC/CIPF. Instinet LLC, member of SIPC, assumes responsibility for distribution to U.S. institutional investors.
