Instinet Execution Experts
Global, event-driven, multi-asset trading strategies
The Experts offer a core set of strategies to address nearly every trading objective, with extensive controls to refine behavior.
- Extensive market connectivity with access to most exchanges, alternative and dark liquidity sources
- Broad and consistent suite of global strategies
- Custom algorithms assembled using the Experts' library of sophisticated tactics
- Support for non-equity asset classes
- Advanced liquidity and price discovery techniques deployed in a risk-controlled strategy framework
- Proprietary analytics and alerts inform event-driven rather than schedule-driven strategies
- Adapted to the latest market structure research and regulations through continuously enhanced underlying tactics
- Historical volume profiles reflect "special" trading days such as the US Federal Reserve's FOMC announcement, options expiry and month-end
- Flexible access to the Experts suite of algorithms from Instinet's award-winning EMS platforms, over direct FIX connections or through third-party OMS and EMS platforms
- Refine strategy behavior and execution style using the Experts' extensive control set
- Minimize user errors with robust strategy validation and alerting tools
- Monitor execution performance with Instinet's real-time visualization tools
Execution Experts benchmark strategies maintain an optimal trading trajectory to balance market impact and benchmark risk.
- VWAP targets the volume-weighted average price
- TWAP distributes trades evenly across the trade horizon
- IS balances impact and dispersion from the arrival price
- TargetOpen balances impact and dispersion while trading during the opening auction
- TargetClose balances impact and dispersion while trading into and during the closing auction
- Auction automates access to market auctions
- TEN blends benchmark strategies
Execution Experts participation strategies trade at a targeted percentage of the market volume over the specified trading horizon.
- PART targets the specified percentage of market volume
- DynaPART adjusts target rate in response to price moves
- StepPART adjusts target rate within distinct price bands
Execution Experts liquidity-driven strategies trade adaptively, dynamically adjusting tactics based on real-time market data and analytical feedback.
- Nighthawk® intelligently aggregates dark-liquidity sources
- Cobra seeks liquidity with minimal signalling risk
- WORK™ dynamically adjusts tactics to market conditions
- MAKE™ provides passive liquidity over time
- BlockPeg® combines passive liquidity provision with block-seeking behavior
Execution Experts Pairs strategy realizes the desired spread on a pair of equities for merger arbitrage, relative value and statistical pairs trading.
Execution Experts' Supported Markets
|Czech Republic||Ireland||South Africa|
|Japan||Malaysia||Taiwan, Republic of|
|Korea, Republic of||New Zealand||Thailand|