Instinet introduces Newport FX – electronic trading platform for spot FX

Maria Nikolova

Newport FX is a web-based desktop application that can be accessed through the firm’s Newport EMS, direct FIX API, or on a stand-alone basis.

Instinet, LLC, the wholly-owned execution services arm of Nomura Group, today announces the launch of Newport FX, an agency-model electronic trading platform for spot FX. Newport FX is a web-based desktop application that can be accessed through Instinet’s Newport EMS, direct FIX API, or on a stand-alone basis.

Newport FX aims to provide clients with transparent pricing and liquidity management tools in order to access high quality executable prices. Clients can either connect directly or through their existing execution workflows, allowing for seamless integration into leading multi-dealer platforms. Newport FX was developed for the FX buy-side investor and in line with the evolving FX markets, providing transparency, execution quality and price discovery.

Liquidity providers that stream prices to Newport FX are poised to benefit from Instinet, LLC’s ability to deliver a wide array of counterparties including banks, non-bank liquidity providers, and ECNs. As part of the firm’s Newport execution management system (EMS), the new FX platform can provide existing Newport equities trading clients the ability to synchronize their FX execution with their equity orders for a holistic view, and enable them to benefit from aggregated netting opportunities.

Instinet’s Newport is a broker-neutral desktop EMS that offers clients global, customizable, multi-asset trading and analytics capabilities.

Ralston Roberts, Global CEO of Instinet Incorporated, commented:

“Our goal is to provide clients with complete transparency and the dedication to execution quality that they expect from an agency-model broker. Connecting counterparties, providing aggregated access to liquidity, and applying technology to increase efficiency have been our fundamental principles throughout Instinet’s 50-year history. So it is only natural that we would build our FX offering with these same client benefits.”

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