Instinet

Instinet Incorporated
Company typeSubsidiary
IndustryBrokerage
Founded1969 (1969)
Founders
  • Jerome M. Pustilnik
  • Herbert R. Behrens
Headquarters309 W 49th Street, ,
Area served
Worldwide
Key people
Ralston Roberts
(Chief Executive Officer)
Laure Richmond
(Chief Financial Officer)
Minor Huffman
(Chief Technology Officer)
Faron Webb
(General Counsel)
Richard Parsons
(CEO, Instinet Europe Limited)
Stuart Knowling
(CEO, Instinet Asia-Pacific)
ParentNomura Holdings
Websiteinstinet.com

Instinet Incorporated is an institutional, agency-model broker that also serves as the independent equity trading arm of its parent, Nomura Group. It executes trades for asset management firms, hedge funds, insurance companies, mutual funds and pension funds. Headquartered in New York City, the company provides sales trading services and trading technologies such as the Newport EMS, algorithms, trade cost analytics, commission management, independent research and dark pools.

However, Instinet is best known for being the first off-exchange trading alternatives, with its "green screen" terminals prevalent in the 1980s and 1990s, and as the founder of electronic communication networks, Chi-X Europe and Chi-X Global.

According to industry research group Markit, in 2015 Instinet was the 3rd-largest cash equities broker in Europe.[1]

  1. ^ "2015 H1 European Cash Equity and ETF Broker Rankings" (PDF). Markit Group Limited. Retrieved 11 November 2014.

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