Instinet, LLC 3 Times Square New York, NY 10036 212.310.9500
Instinet Issues Q2 2009 Volume Statistics for U.S. Operations
NEW YORK – July 14, 2009 – Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today released Q2 2009 volume figures for its U.S.-based subsidiary, Instinet, LLC. “Amid a U.S. equity market that has experienced a dramatic shift in volume demographics, we have successfully maintained daily volumes and continued to grow our CBX
™
dark pool and the Instinet
Execution Experts
™
algorithmic platform,” said Anthony Abenante, co-CEO of Instinet Incorporated.
“We see this as proof that we are effectively executing our agency-only model and have built a very strong and diverse client base.”
Instinet, LLC Liquidity Highlights - Q2 2009
Platform
Average Daily Volume (shares)
Year-over-Year Change
Instinet, LLC (U.S. Brokerage)
377,267,700
-2.8%
CBX 47,040,076*
+42%
Instinet Execution Experts (algorithms)
80,319,476
+23%
* Reflects commission-generating volume.
About Instinet Instinet is an electronic trading pioneer, having established the world’s first significant 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, dark pools and EMS platforms, and also provide sales trading, commission management services and independent research; and the Chi-X
®
trading systems, which aim to improve
the efficiency of capital markets globally by providing high-performance, low-cost alternative execution venues. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please visit www.instinet.com.
Media Contact Mark Dowd Executive Director Global Corporate Communications & Public Relations Phone: +1 212-310-5331 Email: mark.dowd@instinet.com
©2009 Instinet, LLC, member SIPC. All rights reserved. INSTINET is a registered trademark in the United States and in other countries throughout the world.
