Instinet EMS's multi-asset, multi-currency facelift
Agency broker Instinet has extended the multi-asset capabilities of its Newport execution management system (EMS), including a greater range of pairs and spreads trading strategies.
The Newport EMS is the main gateway to Instinet’s suite of
electronic trading tools, including the Execution Experts algorithmic trading
suite and Insight transaction cost analysis platform.
The latest release, Newport
3.12, adds pairs trading capabilities that support securities that trade in
different currencies, allowing users to trade and monitor levels normalised to
a single currency.
trade is a combination of a buy and a sell order in correlated stocks or other
instruments designed to execute when a user-specified relationship between
prices holds true. The price relationship is generally expressed in terms of a
ratio or a spread.
The new version of Newport has also enhanced spread trading functionality with the addition of access to NYSE Amex and NYSE Arca for options, bringing
the total number of order books available via Newport to five.
The broker has also enhanced Newport's broker neutral functionality, allowing users the ability to configure destination defaults based on preferred broker relationships, which it says helped clients reduce ticket costs.
In addition, the EMS now has an improved order ticket layout to better
serve single-stock traders, including changes that make it easier to send child
orders at varying price levels. Users can also measure order performance
versus another instrument, including indices, futures, exchange-traded funds or