A global agency broker which is a wholly-owned subsidiary of Nomura Holdings yesterday announced it had secured full membership on the Australian Securities Exchange.
Instinet is now able to offer its global execution services – including its alternative trading platforms, global algorithms and execution management systems – to Australian trading and investment institutions. Until yesterday, Instinet had been unable to service Australian fund managers’ domestic trading and portfolio management requirements directly, as it was not a member of the ASX. It had given its offshore clients access to the Australian market through various broker/dealer partners, and will continue to allow Australian institutions access to 60 international markets.
25 September 2007 00:00
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Investments
In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.
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