Empresas y finanzas

Instinet Europe Becomes First Financial Services Firm in Europe to Complete "Ethicability" Training

12/05/2008 - 11:00

Instinet, a global securities firm and wholly-owned subsidiary of Nomura

Holdings, Inc., today announced that its Instinet Europe Limited (IEL)

subsidiary has become the first firm in Europe to earn the "Ethics

Kite Mark" by Roger Steare, Professor of

Organizational Ethics at Cass Business School.
The award recognizes Instinet Europe for becoming the first financial

services firm in Europe to have trained its employees in ethical

behaviour according to Professor Steare´s "Ethicability" programme. The training encourages staff to regularly consider how they

conduct their business and helps ensure that all Instinet Europe

employees understand the new principles-based culture introduced by the

Financial Services Authority (FSA).
"Regulatory change is one of the key drivers

affecting our business today, and responsibility for compliance with the

FSA´s new framework rests with each

individual," commented Clive Triance, COO of

IEL. "As Instinet is determined to

continue to transact business with integrity, fairness and honesty, we

were happy to formally adopt Roger´s

programme, which emphasizes that a strong ethical culture must be

maintained for any business to remain successful."
"As one of the world´s

leading agency brokerages, Instinet has built a strong reputation based

on its unconflicted proposition," added Mr.

Steare, who will be training several other financial services firms in "ËœEthicability´ over the comings months. "I believe that

this training complements Instinet´s ethos

and corporate heritage well, and I applaud the firm for ensuring that

its employees understand the importance of ethical behaviour."
Instinet Europe Limited is one of Europe´s

largest agency brokerages. It is a top 10 broker by market share ranking

on the London Stock Exchange*, and employs more than 40 sales and

trading personnel in four European locations. Instinet Europe provides

its clients with a comprehensive suite of trading services that includes

agency sales trading, global portfolio trading, algorithmic trading/DMA

and commission management.
* According to the London Stock Exchange.
About Instinet
Instinet provides the necessary trading tools, ATS platforms and

liquidity to achieve a high-quality trade execution in more than 40

countries. Acting solely as an agent for more than 1,500 clients around

the world, 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´s subsidiaries

operate a wide array of ATS platforms globally, including CBXSM in the United States, JapanCrossingSM in Asia

and Chi-X® in

Europe, Canada and, soon, Australia. Instinet is a wholly-owned

subsidiary of Nomura Holdings, Inc., and has offices in North America

reserved. INSTINET is a registered trademark in the United States and in

other countries throughout the world. Approved for distribution in

Europe by Instinet Europe Limited, which is authorised and regulated by

the Financial Services Authority.