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
Europe and the Asia-Pacific region. For more information, please visit www.instinet.com.
©2008 Instinet Europe Limited. All rights
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.
