Tag: Instinet

FIS originally acquired the business in 2015 through its acquisition of SunGard.

Incoming chief executive joins TP ICAP having previously served at Instinet, Nomura Securities International and Merrill Lynch.

The newly expanded non-displayed alternative liquidity pool for equities, BlockMatch, derives from Instinet’s existing CBX Hong Kong service.

He replaces UBS’ global head of platform licensing, Chris McConville, who is stepping down after a year in the role.

The pair will create a new channel for execution flow for the buy-side in hard to trade blocks in European stocks.

Service will allow traders to route conditional, block-size orders to Instinet’s Canadian alternative trading system (ATS), Instinet Canada Cross.

The new membership network has already attracted buy-side firms and aims to address environmental challenges specific to trading firms through accountability to the wider industry and investors.

New head of liquidity strategy for Asia Pacific previously worked at HKEX and spent almost a decade at the London Stock Exchange Group’s Turquoise.  

The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day. 

Simon Dove will become head of liquidity strategy for EMEA at Instinet after four years with Tower Research Capital Europe.