Instinet Becomes Australian Securities Exchange Member



    Global agency broker will add liquidity to the Australian market;
Membership allows firm to directly service domestic Australian business

    SYDNEY, AUSTRALIA, September 23 /CNW/ - Instinet, a global agency broker
and wholly-owned subsidiary of Nomura Holdings, Inc., today announced it has
secured full membership on the Australian Securities Exchange (ASX), effective
immediately.

    With the membership, Instinet can now offer its full suite of global
execution services - including its alternative trading platforms, global
algorithms and execution management systems - to Australian trading and
investment institutions. Until today, Instinet has offered Australian market
access to its overseas clients through various broker/dealer partners and
provided Australian institutions access to international markets. However, it
was unable to service Australian fund managers' domestic trading and portfolio
management requirements directly as it was not a member of the ASX.

    "We are extremely excited about the opportunities that Australian
Securities Exchange membership presents," said John Fildes, Managing Director,
Instinet Pacific Ltd. "Australia is a large-scale capital market and
Australian fund managers are among the most sophisticated in deploying
effective investment and trading strategies. With access to 60 securities
markets worldwide, a suite of sophisticated trading tools and the liquidity of
1,500 of the world's largest institutions, we believe Instinet offers them an
extremely compelling offering."

    About Instinet

    Instinet, through its subsidiaries, is a global agency broker, providing
the trading expertise and advanced technology necessary to successfully
interact with more than 60 securities markets worldwide. Acting solely as an
agent for its customers, Instinet seeks to improve institutional investment
performance and lower overall trading costs through its various front-end
trading systems, securities crossing networks, smart-routing technology,
algorithms, commission management programs and investment research products.
Instinet also operates a wide array of Alternative Trading System platforms
around the world, including CBX(SM) in the United States, Chi-X(R) in Europe
and JapanCrossing(SM) in Asia. The firm, which is a wholly-owned subsidiary of
Nomura Holdings, Inc., has offices in North America, Europe and the
Asia-Pacific region. For more information, please visit www.instinet.com.

    (C)2007 Instinet, LLC. All rights reserved. INSTINET is a registered
service mark in the United States and in other countries throughout the world.
Approved for distribution in the United States by Instinet, LLC, member
FINRA/SIPC; approved for distribution in Europe by Instinet Europe Limited,
which is authorised and regulated by the Financial Services Authority;
approved for distribution in Japan by Instinet Japan Limited, which is
authorised and regulated by the Financial Services Agency; approved for
distribution in Hong Kong by Instinet Pacific Limited, which is authorised and
regulated by the Securities and Futures Commission; and approved for
distribution in Australia by Instinet Singapore Services Pte Limited.
Instinet, LLC, Instinet Europe Limited, Instinet Japan Limited, Instinet
Pacific Limited and Instinet Singapore Services Pte Limited are subsidiaries
of Instinet Incorporated.




For further information:

For further information: Instinet Mark Dowd, 212-310-5331 Corporate
Communications mark.dowd@instinet.com

Organization Profile

INSTINET

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890