New York, NY â August 16, 2005 - IMTRADER, the AIMÂ®-certified trading, communications and research distribution network, announced today that Instinet, LLC has begun using the IMTRADER IM trading solution as part of its client communications infrastructure for its securities crossing platforms, including LDXSM, IDXSM and the VWAP cross.
IMTRADER can connect an institutional brokerâs order management, instant messaging and/or research systems to its clients, providing seamlessly integrated electronic trading and instant messaging without the expense of a separate buy-side order management system or other electronic trading connections.
"We are thrilled to have the opportunity to work with more and more leading brokers like Instinet. Its focus on providing best trade execution is a perfect match for the IMTRADER network," said Furqan Nazeeri, CEO of Pivot Solutions, the technology powering IMTRADER. "With IMTRADER, not only can we integrate a custom version of the AIM service for traders, but we can also connect a brokerâs trading and research systems to the IM network to create a real time trading channel that uses the tools traders prefer. Our solution goes far beyond standard AIM communications."