Instinet launches independent research network
Instinet, LLC, the Unconflicted Institutional Broker, today announced the creation of Instinet Research Partners, a network of independent research firms that use primary research techniques to provide institutional investors with objective analysis and insight on various companies and sectors. Unlike traditional bundled research offerings, the independent research provided via this partnership will be offered exclusively by Instinet, an electronic agency brokerage free of the conflicts of interest which may exist at full service financial firms.
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"We can provide our clients with the best of both worlds: quality agency execution combined with unbiased independent research," said Mike Plunkett, President, North America, Instinet, LLC. "Buy-side firms now see more value in unbiased independent analysis without the traditional Wall Street conflicts of interest such as investment banking and proprietary trading. As a trusted advisor, we can direct our institutional clients to research partners who have a proven track record of delivering high-quality analysis to institutions."
Instinet, the Unconflicted Institutional Broker, has initially partnered with four independent research firms, each specializing in a sector important to institutional investors. Partners include Cross Industrial Research for the Automotive & Industrial sector, Datamonitor for the Pharmaceutical & Biotechnology sector, Ross Smith Energy Group covering the Oil and Gas sector and Retail Intelligence Group in Retailing & Restaurants.
Instinet will exclusively market and distribute the partners' research though its global sales and agency trading platform. As part of this relationship, the research partners will receive a range of payment options, comprehensive account coverage, compliance and editorial supervision, and other support services.