Instinet, a global agency broker and wholly-owned subsidiary of
Nomura Holdings, Inc., today announced it has secured full membership
on the Australian Securities Exchange (ASX), effective immediately.
With the membership, Instinet can now offer its full suite of
global execution services - including its alternative trading
platforms, global algorithms and execution management systems - to
Australian trading and investment institutions. Until today, Instinet
has offered Australian market access to its overseas clients through
various broker/dealer partners and provided Australian institutions
access to international markets. However, it was unable to service
Australian fund managers' domestic trading and portfolio management
requirements directly as it was not a member of the ASX.
"We are extremely excited about the opportunities that Australian
Securities Exchange membership presents," said John Fildes, Managing
Director, Instinet Pacific Ltd. "Australia is a large-scale capital
market and Australian fund managers are among the most sophisticated
in deploying effective investment and trading strategies. With access
to 60 securities markets worldwide, a suite of sophisticated trading
tools and the liquidity of 1,500 of the world's largest institutions,
we believe Instinet offers them an extremely compelling offering."
About Instinet
Instinet, through its subsidiaries, is a global agency broker,
providing the trading expertise and advanced technology necessary to
successfully interact with more than 60 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, smart-routing technology, algorithms, commission management
programs and investment research products. Instinet also operates a
wide array of Alternative Trading System platforms around the world,
including CBX(SM) in the United States, Chi-X(R) in Europe and
JapanCrossing(SM) in Asia. 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)2007 Instinet, LLC. All rights reserved. INSTINET is a
registered service mark in the United States and in other countries
throughout the world. Approved for distribution in the United States
by Instinet, LLC, member FINRA/SIPC; approved for distribution in
Europe by Instinet Europe Limited, which is authorised and regulated
by the Financial Services Authority; approved for distribution in
Japan by Instinet Japan Limited, which is authorised and regulated by
the Financial Services Agency; approved for distribution in Hong Kong
by Instinet Pacific Limited, which is authorised and regulated by the
Securities and Futures Commission; and approved for distribution in
Australia by Instinet Singapore Services Pte Limited. Instinet, LLC,
Instinet Europe Limited, Instinet Japan Limited, Instinet Pacific
Limited and Instinet Singapore Services Pte Limited are subsidiaries
of Instinet Incorporated.