The global securities firm, which is now a wholly-owned subsidiary of Nomura Holdings, Inc., launched a new algorithm offering that, it says, incorporates best of its previous algorithmic offering with Nomura’s former U.S. strategies.

“Over the past six months, our team has worked to identify the most advanced aspects of Instinet’s and Nomura’s U.S. algorithmic suites to create what we feel is a highly sophisticated product” said John Comerford, EVP, global head of trading research at Instinet.

“Based on early client feedback, we believe we’ve successfully combined the dynamic behavior of Nomura’s algorithms with Instinet’s liquidity and market access capabilities, creating an offering that will help clients improve execution quality regardless of the size, complexity or liquidity constraints of a trade,” he added.

The new suite, known as Instinet Execution Experts, is currently available to U.S. clients only, but a global version is expected by the end of the year.

The firm also announced that its U.S. broker-dealer, Instinet, LLC, has connected to LeveL ATS. LeveL is an ATS created by the eBX Group, LLC with assistance from five firms: Citi, Credit Suisse, Fidelity Brokerage Company, Lehman Brothers and Merrill Lynch. It’s a dark book trading platform that provides for multi-tiered crossing.

“Institutional clients continue to express dissatisfaction in dealing with the great number of dark liquidity pools now available. Based on this feedback, we have embraced a philosophy of openness throughout our organization by attempting to partner with all significant dark liquidity providers, which we believe is in both our clients’ and the industry’s best interests,” said Michael Plunkett, president of Instinet, LLC.