New York - Instinet Incorporated has announced that its Instinet LLC subsidiary has been named a "Preferred Broker" by FactSet, the provider of integrated financial information and analytical applications.

"FactSet is an extremely well-regarded firm, whose data and analytics are integral to the workflow of many investment professionals. We're very pleased to be named one of their preferred brokers," said Jonathan Kellner, President of the Americas at Instinet.

"Instinet's agency-only model, advanced electronic execution suite and award-winning commission management platform have all led to it being a widely-used broker by our client base. I am always impressed by the positive feedback we receive from clients that leverage Instinet for their execution and commission management needs," added John Wiseman, Senior Vice President, Director of Partnership & Alliances at FactSet.

FactSet is the second firm to designate Instinet a Preferred Broker, joining Zelman & Associates. In addition, six independent research firms rely on Instinet for third-party marketing support through the Instinet Access program.