Instinet Adds Connectivity to LeveL

14 April 2008

Instinet, a global securities firm and wholly-owned subsidiary of Nomura Holdings, Inc., today announced that its U.S. broker-dealer, Instinet, LLC, has connected to LeveL ATS. LeveL becomes the latest U.S. dark pool clients can access through any of the algorithms in the Instinet Execution Experts suite.

“Institutional clients continue to express dissatisfaction in dealing with the great number of dark liquidity pools now available. Based on this feedback, we have embraced a philosophy of openness throughout our organization by attempting to partner with all significant dark liquidity providers, which we believe is in both our clients’ and the industry’s best interests,” said Michael Plunkett, President of Instinet, LLC.

“Instinet’s high-speed order delivery is well-aligned to benefit from LeveL ATS’s unique framework and growing liquidity pool,” said Whit Conary, President of Level ATS. “Customers of LeveL, like Instinet, realize improved execution quality, anonymity for order handling, and a mechanism for enhanced, innovative and flexible order types.”

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