Instinet Names Christopher Rogers as CTO

14/03/2007 - 16:18

Instinet, a global agency broker and independent subsidiary of
Nomura Holdings, Inc., today announced the promotion of Christopher
Rogers to Chief Technology Officer. Mr. Rogers, previously Chief
Software Architect of the firm, will succeed Michael Bundy, who was
today named CTO of Chi-X(R), Instinet's new pan-European equity
alternative trading system (see separate announcement).

Mr. Rogers has worked on numerous software development projects
since joining Instinet in August 2003. Most recently, he led the
development of Instinet's new core trading back end and the migration
to it of the firm's various trading products, including Newport(TM),
Instinet Trading Portal(R) and Instinet's suite of algorithms and its
crossing networks. He was also one of several key technologists that
built the systems that powered the Island and Inet ECNs, which now
underlie the entire Nasdaq Stock Market following its 2005 acquisition
of Inet.

"Chris is one of the most talented technologists in the business,"
said Alex Goor, co-CEO of Instinet. "While Instinet will most
assuredly miss Mike Bundy's numerous contributions, I know that we
will be in extremely capable hands moving forward."

"I am tremendously excited to lead Instinet's technology team. Our
ongoing efforts to refine Instinet's rich global platform should yield
many new offerings this year," said Mr. Rogers.

Prior to joining Instinet, Mr. Rogers worked on the development of
the MarketXT platform while at Tradescape Technologies and, before
that, led the development of several other notable trading systems.
Additionally, Mr. Rogers has held software development positions at
UBS Warburg, Morgan Stanley and Mail.com, and is a graduate of Stevens
Institute of Technology.

About Instinet

Instinet, through its subsidiaries, acts as a global agency
broker, providing the trading expertise and advanced technology
necessary to successfully interact with more than 50 securities
markets worldwide. Acting solely as an agent for its customers,
Instinet seeks to improve institutional investment performance and
lower overall trading costs through its various front-end trading
systems, securities crossing networks, algorithms, commission
management programs and investment research products. The company,
which is an independent subsidiary of Nomura Holdings, Inc., is
headquartered in New York and maintains offices in North America,
Europe and the Asia Pacific region. For more information, please visit
www.instinet.com. Instinet conducts its U.S. institutional brokerage
business primarily through Instinet, LLC, member NASD/SIPC.