The Gateway to Algorithmic and Automated Trading

Instinet adds multi-asset functionality to Newport 3 EMS

First Published 17th August 2010

Listed futures and options trading technology now fully integrated within Instinet's execution management system

Instinet Incorporated has announced that U.S. listed futures and options trading functionality is now available natively within Newport® 3, the firm's execution management system (EMS). With the introduction of this functionality, Instinet clients now have access to a multi-asset, broker-neutral EMS in addition to the firm's high-touch U.S. derivatives trading offering.

"With changes in derivatives markets roughly echoing the equity markets' recent evolution, the ability to navigate multiple asset classes through a single front end is increasingly important to the institutional trading community," said Jon Zanoff, Global Head of EMS Strategy at Instinet.

Zanoff continued: "Since its inception, we've focused on optimizing the performance, analytics, customization and collaboration capabilities of the Newport 3 platform. These efforts have produced a trading system which clearly ranks among the best in its class. With the addition of native multi-asset functionality to Newport 3, we feel that the platform becomes an extremely compelling solution to an even broader range of buy- or sell-side trading desks."

The introduction of options and futures trading capabilities to Newport 3 follows Instinet's recent launch of the Options CBX dark pool and the introduction of U.S. listed-options trading functionality within both Instinet's Execution Experts™ algorithmic trading suite and the company's smart order routing technology. The options trading functionality leverages technology obtained in Instinet's 2009 acquisition of TORC Financial, while the futures trading functionality was developed by Instinet's internal technology development organization.

Newport 3 is a multi-asset, broker-neutral execution management system. It serves as the primary gateway to Instinet's entire product portfolio and aims to enable users to understand risk, empower trading teams, customize trading strategies, execute across global destinations, monitor progress and analyze performance.