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August 30, 2015 10:25 AM ET

Capital Markets

Company Overview of Instinet, LLC

Company Overview

Instinet, LLC, along with its subsidiaries, provides online security brokerage and electronic trading services. It provides a trading platform that connects portfolio managers and traders directly to equity markets in the United States and internationally; and trading services, including algorithms, global portfolio trading, agency sales trading, commission management, and third-party research. The company provides access to various equity trading venues, including stock exchanges and alternative trading systems, and its liquidity pools. It also offers BLX, a dark pool for the U.S. equities that builds block trades by combining the liquidity aggregation benefits of point-in-time crossing wit...

1095 Avenue of the Americas

New York, NY 10036

United States

Founded in 1968

Phone:

212-310-9500

Fax:

212-759-4016

Key Executives for Instinet, LLC

President and Chief Executive Officer
Chief Financial Officer
Global Head of Marketing & Communications and First Vice President of Global Corporate Communications & Public Relations
Head of Sales - New England Region
Global Head of Trading Research and Executive Vice President
Compensation as of Fiscal Year 2015.

Instinet, LLC Key Developments

PDQ ATS, Inc. Enters an Agreement with Instinet, LLC

PDQ Enterprises, LLC announced that PDQ ATS Inc. has entered an agreement with Instinet, LLC (member SIPC) to provide clients with access to PDQ ATS through Instinet's Newport® 3 platform. As Instinet's premier trading platform, Newport® 3 is a global, multi-asset execution management system built to match each user's unique trading style. With Newport, clients can build complex order strategies incorporating the distinctive competencies of leading broker algorithmic suites and other global liquidity sources. Additionally, Newport allows clients to source liquidity across hundreds of destinations in Instinet's growing multi-asset global network.

Instinet, LLC Announces Executive Appointments

Instinet Incorporated announced two senior appointments within its US sales and trading business, Instinet, LLC. Chuck Frederick has been named Head of US Product Sales. In this role he and his team will work across the Sales, Product Strategy and Development groups to help grow the footprints of the firm's three core electronic trading products: Newport® EMS, Execution Experts® algorithmic suite and the Instinet Analytics platform. Previously Mr. Frederick served as Global Head of Algo Development in Instinet Incorporated's Global Trading Research group. Tom Whelan has been named Head of the US Institutional and Derivatives Sales teams. In this role he and his team will work closely with the Product Sales and Sales Trading groups to coordinate the firm's US sales strategy. Mr. Whelan has held a variety of senior sales and trading roles over the course of his career at Instinet, most recently leading the New York Product Sales team.

Securities and Exchange Commission Charges Instinet LLC for Ignoring Red Flags in Soft Dollar Scheme

The Securities and Exchange Commission announced sanctions against Instinet LLC for ignoring red flags and paying more than $400,000 in soft dollars for expenses that an investment adviser had not properly disclosed to clients. An SEC investigation found that Instinet LLC approved soft dollar payments to J.S. Oliver Capital Management despite clear signs that the payments were improper. The SEC's Enforcement Division has separately charged J.S. Oliver and its president Ian Mausner for their alleged wrongdoing. Instinet agreed to pay more than $800,000 to settle the SEC's charges.

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Recent Private Companies Transactions

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