Instinet Algorithms enable clients to select and use those rules which meet their specific requirements and benchmarks, such as VWAP, Block PegSM and Volume Participation. Moreover, Instinetâs clients can employ these rules without ever having to worry about information leakage.
"Thomson AutEx provides connectivity and liquidity across the global trading community giving brokers and institutions access to a breadth of execution venues and advanced execution algorithms," said Robert Moitoso, senior vice president and head of AutEx, Thomson Financial. "We are pleased to offer our clients access to even more options via Instinet. AutEx continues to be successful in leveraging its historical strengths and providing innovative technology solutions to both the buy-side and sell-side institutional investor communities."
"Our relationship with Thomson AutEx will make it that much easier for the institutional investment community to access our global algorithmic trading services," said Steve Brain, SVP of Global Systematic Trading, Instinet, LLC. "As an agency broker, free from the conflicts of interest that are inherent to traditional brokers, we are able to offer algorithmic strategies that seek to minimize market impact and help our clients meet their trading benchmarks."
Thomson AutEx Order Routing is one of a suite of AutEx products used by trading partners to identify market liquidity and place orders. AutEx facilitates the high-speed transfer of multiple FIX compliant message types over a concentrated global network. Access to the AutEx Network and services is provided via a single connection.
Thomson AutEx is the industry's leading online real-time network and database for block order indications and trade advertisements. The AutEx community consists of traders at institutional and domestic institutions, broker dealers, exchanges, ECNs and ATSs, either connecting directly to AutEx, or through service bureaus or order management systems. Over 800 of the world's leading brokers and institutions rely on AutEx to access global pools of liquidity, and every day, one million messages are transmitted on the system between buyers and sellers.