Instinet, a global leader in electronic trading and agency-only brokerage, today announced that its Instinet Europe Limited subsidiary has successfully completed conformance testing on Equiduct Systems Limited's HybridBook trading platform.
As a result, Instinet Europe's institutional clients will benefit from access to Equiduct Systems Limited's liquidity in UK, French, Belgian, Dutch, Portuguese and German stocks via Instinet's Execution ExpertsTM algorithmic suite and its award-winning SmartRouter.
"In Europe, Instinet's SmartRouter and algorithms access more than 40 exchanges, MTFs and broker-operated dark pools, and we are pleased to announce Equiduct as the latest venue," said Richard Balarkas, CEO of Instinet Europe Limited. "Our approach to liquidity sourcing is 100 percent aligned with our clients' interests and their goal of finding the best liquidity available. We never compromise that goal by preferencing venues based on our costs of trading or the rebates offered."
Commenting on the announcement, Peter Randall, CEO of Equiduct Systems Limited,added, "We are delighted that a broker with the international stature of Instinet has connected to our pan-European liquidity. Our specialist model which allows European retail liquidity to interact with professional flows is proving to be a fast growing segment of the wider European equity markets. We are confident that access to our liquidity will offer price improvement opportunities for Instinet's global client base."