Indata Provides Users with Access to latest Instinet Product Offerings

Greenwich - 4 May 2010

Integrates Instinet’s Algo Strategies and Newport 3 EMS Connectivity Within INDATA Precision Trading OMS and Front Office Solution

INDATA, a leading industry provider of SaaS (Software as a Service) for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office, today announced the availability of direct access to Instinet’s Newport 3 EMS and its Instinet Execution Experts algorithmic trading suite for INDATA Precision Trading users.

As a global, agency-only broker, Instinet provides a variety of trading solutions to the institutional trading community. Newport 3, the firm’s multi-asset, fully broker-neutral EMS, serves as the primary gateway to Instinet’s offering. The platform provides direct access to the firm’s core electronic trading suite, which includes Instinet’s various liquidity pools, multiple proprietary and third-party algorithms and integrated transaction analytics, as well as Instinet’s global sales trading and portfolio trading desks.

“An important source of liquidity is now available to our diverse mix of institutional clients through Instinet. We are pleased to provide integration with their latest offerings,” said David J. Csiki, Managing Director of INDATA.

“Instinet provides an extremely robust electronic and agency-only trading offering. We are pleased to provide INDATA users with access to our entire platform via our Newport 3 EMS, as well as direct access to our Instinet Execution Experts algorithmic trading suite,” said Craig Longstaff, Global Head of Connectivity at Instinet.

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