Instinet Fixed Income Europe is to add credit broking services to its electronic trading platform.
The company says it will initially provide brokerage services in 14 liquid euro denominated agency and supranational issues. The number of issues will be expanded in collaboration with Instinet clients, the agency broker says.
Instinet Fixed Income already provides a hybrid voice and screen-based brokerage service for euro zone government bonds, German Pfandbriefe mortgage bonds and US treasuries and agency debt. The company says the move into credit instruments is a natural extension of its business.