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Empresas y finanzas

Instinet Forms Chi-X Global, Sets Plans to Launch Australian ATS


    Instinet, a global securities firm and wholly-owned subsidiary of
    Nomura Holdings, Inc., today announced the formation of Chi-X Global
    Inc., a holding company for the operations of Chi-X platforms in
    Europe, Canada and the Asia-Pacific region. Chi-X Global will be led
    by Tony Mackay as Chief Executive Officer.

    Additionally, Instinet today announced its intention to launch
    Chi-X Australia, an Alternative Trading System (ATS) based on the same
    technology and pricing model as Chi-X(R) Europe and the soon-to-launch
    Chi-X Canada(TM).

    "Based on the favorable response from market participants to Chi-X
    Europe, we feel there exists an excellent opportunity to bring the
    comparable cost savings and market efficiencies to investors in other
    markets, thus our formation of Chi-X Global," said Anthony Abenante
    and Fumiki Kondo, co-CEOs of Instinet, in a joint statement. "Given
    his role in developing Chi-X Europe and his deep experience in Europe,
    Asia and Australia, we feel Tony is the right choice to lead efforts
    for Chi-X globally."

    Commenting on the intention to launch Chi-X Australia, Mackay
    said: "Demand exists from both domestic and non-Australian investors
    to provide the Australian market with the speed, functionality and
    cost benefits that an advanced platform like Chi-X offers. We hope
    that Chi-X Australia will provide a much-needed alternative -- and if
    history in other markets is an indicator, new liquidity -- to the
    Australian marketplace."

    Chi-X Global is currently in the process of applying for the
    necessary Australian regulatory and legislative approvals, upon which
    Chi-X Australia´s launch timing is dependent. Once live, Chi-X
    Australia, like Chi-X Europe and Chi-X Canada, will be designed to
    provide market participants with low-cost trading through its
    high-capacity and low-latency technology, innovative pricing structure
    and open, FIX (Financial Information eXchange) protocol-based
    architecture.

    Mr. Mackay joined Instinet in 1995. Throughout his tenure he has
    served in several positions, including President and Managing
    Director, Instinet Asia, and, most recently, President and Managing
    Director, Instinet Europe, during which period he spearheaded the
    establishment of Chi-X Europe. Mr. Mackay began his stockbroking
    career in 1980 in Australia, and has worked for both traditional and
    electronic brokerage firms in Sydney, Hong Kong, London and Tokyo.

    The Chi-X name is derived from the 22nd letter of the Greek
    alphabet, "chi", symbolizing the "crossing," or matching, of the two
    sides of a trade. Along with the "X" from the English alphabet, the
    entire name signifies a combination of the old world and modern world,
    or traditional securities trading techniques married with cutting-edge
    technology.

    About Instinet

    Instinet is a global securities firm, providing the world´s most
    sophisticated fund managers with the necessary trading tools, ATS
    platforms and global agency liquidity to achieve a high-quality trade
    execution in more than 80 securities markets around world. 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, smart-routing technology, algorithms, commission management
    programs and investment research products. Instinet operates a wide
    array of ATS platforms around the world, including CBX(SM) in the
    United States, JapanCrossing(SM) in Asia and Chi-X(R) Europe. The
    firm, which is a wholly owned subsidiary of Nomura Holdings, Inc., has
    offices in North America, Europe and the Asia-Pacific region. For more
    information, please visit www.instinet.com.

    (C)2008 Instinet Incorporated. All rights reserved. INSTINET is a
    registered trademark in the United States and in other countries
    throughout the world. CHI-X is a registered trademark in the UK and
    Europe. Approved for distribution in Europe by Chi-X Europe Limited,
    which is authorised and regulated by the Financial Services Authority;
    approved for distribution in Australia by Instinet Pacific Limited,
    which is authorised and regulated by the Hong Kong Securities and
    Futures Commission; and approved for distribution in the United States
    by Instinet, LLC, member FINRA/SIPC.