Instinet - Newport
Newport, Intinet's trading platform, is a global multi-asset EMS and users can switch from executing single stocks to global programmes, manage globally dispersed teams and trader large order sets. In addition, access to multiple broker neutral liquidity sources, customise trading strategies and leveraging integrated analytics is also available on the system.
Newpost users are relatively evenly dispersed across the Americas, Europe and Asia-pacific. Most clients are large, global buy-side firms, but Newport's hedge fund and sell-side user bases are growing quickly.
Sourcing options
Newport is a server-based application with only a light user interface that sits locally. Instinet can work with clients on a variety of back-end configurations to meet a broad range of client needs.
Onboarding clients to most brokers’ suites is typically an overnight process and algorithm updates are primarily driven and prioritised by client demand.
Counterparty connectivity
Newport is fully broker-neutral, providing access to over 500 destinations globally. These include that algo suites and cash desks of all major global broker-dealers and all significant equity destinations, whether exchange, dark pool or crossing networks.
Newport seamlessly interfaces with most major order management systems via FIX. Also offered are advanced allocation capabilities, position management, the ability to organise and send broker-neutral commission and fee reports, source stock locates and import restricted lists.
Asset classes
Newport supports cash equities globally, futures in the US and Asia-Pacific and options in the US.
Pre- and post-trade analytics
Instinet’s Insight suite, which provides pre-, real-time and post-trade analytics and visualisation tools, is fully integrated into Newport.
Future plans
Instinet is continually enhancing its entire trading platform, but does not publicly disclose specific plans for competitive reasons.