Instinet — Newport
Newport is Instinet’s global, multi-asset execution management system. It lets users switch from executing single stocks to global programs, manage globally dispersed teams, trade large order sets, access multiple broker-neutral liquidity sources, customise trading strategies, leverage integrated analytics and conform their desktop to their workflow.
Newport 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 users bases are growing
Connectivity and functionality
Newport is fully broker-neutral, providing access
to over 500 destinations globally. These include the algo suites and cash desks
of all major global broker-dealers and all major equity destinations across
exchanges, dark pools and crossing networks, globally.
Newport interfaces with
most major order management systems (OMS) via FIX. In addition, Instinet is working
to build out the platform’s OMS capabilities by adding the following as part of
Newport 4: advanced allocation capabilities, position management, the ability
to organise and send broker-neutral commission and fee reports, source stock
locates and import restricted lists.
Newport is a server-based application with 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.
Pre- and post-trade analytics
Instinet’s Insight suite, which provides robust
pre-, real-time and post-trade analytics and visualisation tools, is fully
integrated into Newport.
Instinet is continually enhancing its entire trading platform, but does not publicly disclose specific plans for competitive reasons.