"Instinet has a long history in Canada, and we are committed to further building our business in the region," said Jonathan Kellner, President, North America, at Instinet. "Jeff and Drew are extremely well-regarded within the Canadian institutional trading community. Their addition to our existing team in Toronto, combined with our electronic trading platform and commission management tools, provides with an extremely compelling offering for Canadian institutions."

Both Messrs. Houslander and Hill join Instinet Canada from senior sales and trading positions with ITG Canada. Prior to joining ITG, Mr. Houslander held trading roles at Goodman & Company, National Bank and Nomura Canada. Mr. Hill, in addition to serving in various trading and technology roles for the past eight years at ITG, also spent several years at AEGON Dealer Services Canada.

"Instinet's global reputation is second to none, and the brand is synonymous with many of the qualities - a robust, global technology infrastructure; high-quality trade execution; and an understanding of the rapidly evolving global equities market structure - that I believe the Canadian buyside values highest today," said Mr. Houslander.

"I am extremely excited to join Instinet's sales and trading team in Toronto," said Mr. Hill. "With its agency-only model, sophisticated trading platform and deep global liquidity, Instinet is really quite unique within the Canadian marketplace."

* Subject to regulatory approval.