Agency broker Instinet has added connectivity to Nomura’s advanced electronic futures trading platform to its Newport execution management system (EMS).
Jonathan Kellner, Instinet chief executive officer, said the move expanded the firm’s broker-neutral derivatives network.
Kellner said the addition of Nomura’s electronic futures platform offered “a range of advanced DMA and algorithmic strategies for trading today’s futures markets globally”.
Newport is a global, broker-neutral, multi-asset EMS that is used by both clients and Instinet’s agency sales trading desks worldwide.
Client will be able to access over 150 multi-asset liquidity sources and several hundred broker-neutral destinations globally, as well as an advanced suite of customisable execution tools and integrated analytics capabilities.
John Macpherson, global head of futures and options at Nomura, said the investment bank was leveraging Instinet’s technology and distribution capabilities.
Macpherson said adding advanced suite of futures trading tools to Instinet’s EMS would provide “significant benefits to the hundreds of large institutional clients globally who trade via Newport”.
Nomura’s electronic futures trading platform includes an advanced suite of tactical, conditional and benchmark strategies designed to meet a range of global trading objectives, as well as a customisable low-latency smart order router.
These have been integrated into Newport’s trading tickets, providing intuitive and efficient order entry.
Instinet is the equity execution services arm of Nomura.