Financial authorities in Asia and the US fined agency broker Instinet for several violations related to market access and trading systems.
Mark Kelley joins Instinet from Citigroup where he was lead analyst in the small and midcap internet group.
Traders will be able to trade RFQ on the Instinet BlockMatch trading venue alongside existing continuous, non-displayed and mid-point matching.
Jeff Doherty will oversee research and sales after Instinet combined Nomura’s research business with its cash equities platform.
Greg Treacy joins Instinet from Deutsche Bank where he was a director for global execution services.
Liquidity streaming agreement follows similar partnership with Virtu Financial earlier this year.
Stuart Knowling has been COO at Instinet Asia Pacific for seven years.
Changes to the provision of liquidity in Europe under MiFID II will see shift towards bilateral trading relationships.
BlockCross ATS will help Instinet’s clients in the pursuit of best execution.
RQ Connect allows the transfer of research assessment data to Instinet’s commission management platform, Plazma.