Instinet Incorporated, a global leader in electronic trading and agency-only brokerage services, today announced that its Instinet, LLC subsidiary has entered a research marketing agreement with Meredith Whitney Advisory Group, LLC (MWAG).
MWAG provides a diverse range of strategic advisory services through its analysis of both the financial sector and U.S. States. Covered companies in the financial sector include the leading mortgage, banking, brokerage, credit card and payment processing firms, while its municipal market coverage evaluates the economic issues faced by 25 U.S. States. As an independent firm unaffiliated with any financial institution, MWAG's distinct position and extensive knowledge base enables it to deliver forward-thinking, impartial and timely investment advice.
Craig LoGrande, Head of Research Sales at Instinet, LLC, said, "Meredith Whitney has long been known as one of the Street's top analysts. That reputation has been bolstered by the team she's assembled, as the buy side is finding tremendous value in MWAG's steady flow of prescient calls on the financial sector."
"The business models of both Instinet and MWAG are predicated on principles of neutrality and impartiality, making us natural partners," said Meredith Whitney, CEO of MWAG. "In addition, with its sophisticated trading platform and experienced research sales group, our clients should reap real benefits from this relationship."
Instinet will deliver exclusive services to MWAG through the Instinet Access™ program, which provides high-quality independent research providers with outsourced marketing support, account coverage, payment facilitation and other services across Instinet's institutional client base and beyond.