Source: Atrium Network
Atrium Network, provider of smarter connectivity for the financial community, today announced that Instinet Europe Limited, the European agency brokerage subsidiary of Instinet Incorporated, a global leader in electronic trading and agency only brokerage services, has connected to its extranet community to take advantage of its low latency connectivity to the European exchanges and MTFs.
Commenting on Instinet joining the extranet community, Emmanuel Carjat, Chief Executive officer of Atrium Network said, "We are delighted to welcome Instinet to our ever expanding community. We offer clients a single point of access to exchanges, clearing houses, CSDs and market data providers in an effort to help them simplify their connectivity. As new MTFs come to market, participants may commit significant capital investment to co-locate at every MTF venue. As part of this, Atrium Network's 'Exchange Ring' will provide ultra low latency, dark fibre connectivity to all available MTFs and exchanges. By connecting to Atrium Network, Instinet can now mitigate the potential risk and reduce co-location costs, not least in a climate in which not all the MTFs may necessarily survive."
Richard Balarkas, Chief Executive Officer of Instinet Europe, added, "Instinet Europe's strategy is to connect with every accessible liquidity venue to enable us to take advantage of the execution opportunities available for our clients. Speed is of the essence in this environment and we are continually seeking ways to help our clients. We are pleased to be working with Atrium Network in pursuit of this goal."