Instinet trading portal adds list-trading
Published:31-May-2006
By BR staff writer
Agency broker Instinet has updated its "Instinet Trading Portal" system, allowing users to manage and trade stock lists globally by tapping the 40 international markets to which Instinet provides access.
The existing version of "Portal" is a trading front end for clients in both traditional asset management firms and hedge funds. While it does offer list trading capabilities, this new version "should complement that offering well, providing our users with another tool to help them achieve best execution," said Michael Plunkett, pesident, North America, Instinet.
Key features of the updated portal include list-based trading, allowing users to upload stock lists to their blotter and then organize them, establish default strategies, submit multiple or single orders, trade groups, and download results for analysis.
The portal offers access to Instinet's domestic and international algorithmic strategies for concealing market presence while trading baskets, blocks and illiquid names, or trading against popular benchmarks such VWAP and arrival price.
The portal, which is fix-compliant, also lets users stage orders from their OMS to Instinet Trading Portal's blotter.
