Instinet Ranked First in Both NYSE- and Nasdaq-Listed Trading in Plexus Survey
Business Wire
Posted: 2008-05-13 08:00:00
Instinet, a global securities firm and wholly-owned subsidiary of Nomura
Holdings, Inc., today announced that it has been ranked first among
brokers1 for execution quality in overall
trading of both NASDAQ-listed and NYSE/regional-listed stocks in 2007,
according to Investment Technology Group’s
Plexus BrokerEDGE MonitorTM survey, which
covered the four quarters through 4Q07.
Altogether Instinet ranked first in 18 of Plexus’
28 measurement categories, including core areas such as block trades and
trades in small-cap stocks. This was more than double the number of
first-place rankings of any competitor (see tables below).
“More of the listed market is being executed
electronically, and that aligns with Instinet’s
strengths,” noted Michael Plunkett, President
of Instinet, LLC. “Our high-speed platform,
broad connectivity and agency trading model is delivering new value to
our clients in the listed market as it has always done in the OTC market.”
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Top 10 Firms for Transaction Cost Savings in 2007: Selected NASDAQ
Trading Categories
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Overall Trading
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Small-cap (<$1 bln)
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Block Trades (10-50K)
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Large Blocks (>50K)
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VA2
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VA
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VA
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VA
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Instinet
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11
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Instinet
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28
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Instinet
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22
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Instinet
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7
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Liquidnet
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7
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Liquidnet
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5
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Liquidnet
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5
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Liquidnet
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3
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ITG
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2
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Merrill Lynch
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-4
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Merrill Lynch
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2
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ITG
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2
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Merrill Lynch
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1
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Jefferies
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-6
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Bear Stearns
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1
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Jefferies
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0
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Jefferies
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0
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Knight Equity Markets
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-6
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UBS
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1
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Citigroup
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-2
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Citigroup
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-2
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ITG
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-7
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Citigroup
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0
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Merrill Lynch
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-2
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Credit Suisse
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-3
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J P Morgan
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-7
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ITG
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0
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Goldman Sachs
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-4
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Deutsche Bank
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-3
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Citigroup
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-10
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Deutsche Bank
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-1
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Bear Stearns
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-5
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Banc of America
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-4
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UBS
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-11
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J P Morgan
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-1
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UBS
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-5
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Bear Stearns
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-4
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Goldman Sachs
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-13
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Lehman Brothers
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-1
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Banc of America
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-6
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Top 10 Firms for Transaction Cost Savings in 2007: Selected NYSE
Trading Categories
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Overall Trading
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Medium-cap ($1-10 bln)
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Block Trades (10-50K)
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Low Pct Vol (<5%)
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VA
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VA
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VA
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VA
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Instinet
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9
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Instinet
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14
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Instinet
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13
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Instinet
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13
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Liquidnet
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8
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Liquidnet
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7
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Liquidnet
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6
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Liquidnet
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6
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Deutsche Bank
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2
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Deutsche Bank
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2
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BNY ConvergEx
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3
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BNY ConvergEx
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3
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Sanford Bernstein
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2
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ITG
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1
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Goldman Sachs
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3
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Morgan Stanley
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3
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Weeden & Co
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2
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Merrill Lynch
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1
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Guzman & Co
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3
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ITG
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2
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BNY ConvergEx
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