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Instinet Newport
For the third year running, Instinet Newport record-
Reliability
and
Availability
ed the highest
average
score for all major providers
Latency
profiled in the survey, although this did decrease
slightly Service
year-on-year,
from 6.19 in 2017 to 6.06 in this
Client
Personnel
year’s survey. The firm was one of only two major
Ease-of-Use
providers to break the 6.0 mark for its overall average.
Handling
of New
Versions/Releases
Instinet Newport
saw
a decreased number of respon-
dents
in
this
year’s
survey,
with respondents down
Breadth of Broker Algorithms
28% year-on-year.
Timeliness
of Updates
Broker
Changes
Instinet outperformed
the for
survey
average
in all 13
FIX
Capabilities
categories
reviewed, recording the highest scores of
all the major
providers
in this
year’s survey for its
Breadth
of Asset
Class
Coverage
reliability and availability, latency, client service per-
Breadth
of Direct
Connections
to changes,
Venues FIX
sonnel, timeliness
of updates
for broker
Product
Development
connectivity,
breadth of direct connections to venues,
and overall
cost of operations.
The firm
also recorded
Ease
of Integration
to Internal
Systems
improvement for its breadth of asset class coverage,
Overall Cost of Operation
2018 2017
5.92 6.2
which increased 0.32 year-on-year, although respon-
6.62
6.72
dents weren’t
too impressed
with its ability to handle
6.21
new versions/releases,
as 6.29
the firm’s score dropped by
0.41 year-on-year.
6.57
6.62
Respondents for Instinet came primarily from the
6.12
mid-to-large
AuM range, 6.37
with around three-quar-
5.74 located
6.15
ters of respondents
in the United States.
Around half
of
respondents
used Instinet to trade
6.23
6.41
listed derivatives, while only a few respondents said
5.99
they used the
system for 6.27
either foreign exchange or
6.36
6.44 were no respondents
fixed income
activity. There
for Instinet 5.56
that indicated
they were planning to
5.24
adopt other EMS providers in the next 12 months,
6.01
suggesting 6.06
that Instinet has
cultivated a dedicated
5.59
5.73 Instinet should be
and satisfied
user base, although
wary of complacency
given
the saturated nature of
5.85
5.98
the EMS space.
6.62
6.72
Reliability and Availabili ty
6.21
6.29
Latency
6.57
6.62
Client Service Pers onnel
6.12
Eas e-of-Use
5.74
Handling of New Versions/Releases
6.15
6.23
6.41
Breadth of Broker Al gorithms
5.99
Timeliness of Updates for Broker Changes
6.27
6.36
6.44
FIX Capabiliti es
Breadth of Asset Class Coverage
5.24
5.56
6.06
6.01
Breadth of Direc t Connec tions to Venues
5.59
5.73
Product D evelopment
5.85
5.98
Eas e of Integration to Internal Sys tems
5.92
Overall Cost of Operation
0.00
1.0 0
2.00
3.00
20 18
72 // TheTrade // Autumn 2018
6.37
20 17
4.0 0
5.00
6.0 0
6.2
7.00