Trading tools

Instinet extends analytics functionality of Newport EMS

Agency broker Instinet has updated its Newport execution management system (EMS) to offer customers greater analytics capabilities.

New additions to Newport include: visualisation tools within the broker’s Insight transaction cost analysis tool that supplies information on the location of fills in real time; greater integration between the EMS and Instinet’s complex event processing technology, which will enables users to perform on-the-fly queries of point-in-time and historical price, volume and return information for specific securities; and new analytics to aid with the execution of interlisted US and Canadian stocks.

Newport 3.10 also extends existing benchmarking capabilities, allowing users to apply up to three benchmarks on each individual order, and an enhanced blotter registration process to help users to source block liquidity more easily.

“We have worked in close collaboration with this user community in developing the enhancements introduced as part of Newport 3.10, and will continue doing so to ensure that Newport remains an industry-leading EMS,” said Frank Freitas, global head of product strategy at Instinet.