The brokerage firm Instinet Inc., now a wholly-owned subsidiary of Nomura Holdings, Inc., today announced the appointment of new co-CEOs and a new chairman, as part of an executive shakeup.Fumiki Kondo and Anthony Abenante were named co-chief executive officers of the firm. Former co-CEOs John Fay and Alex Goor will leave to pursue other interests, […]
Instinet Inc. today announced its intention to launch ICX (Instinet Canada Cross), an Alternative Trading System (ATS) that will operate as a continuous, electronic auction market for the trading of Canadian exchange-listed securities.ICX, which is expected to launch in 2007 and will be operated by Instinet I-X Ltd., a soon-to-be-registered Canadian investment dealer, should improve […]
Instinet Inc. saw the highest U.S and international institutional volumes in its history during the first quarter.The firm increased its average daily U.S. trade volume to 133 million shares, which represents 2.8% of the total U.S. equity markets volume and an increase of 20% over Q1 2005. The firm also saw a significant increase in […]