SOURCE: Integrated Trade Processing Corporation

Integrated Trade Processing Corporation

May 19, 2010 09:30 ET

Instinet Goes Live With ITP Accounts From Integrated Trade Processing Corporation for Omgeo ALERT Integration

ITP Accounts Streamlines Access and Improves STP Rates for Brokers Utilizing Omgeo ALERT

NEW YORK, NY--(Marketwire - May 19, 2010) -  Integrated Trade Processing Corporation (ITP), a leading provider of integrated, customizable trading technology software and services for banks, investment managers, and securities firms announces that Instinet Corporation, a global leader in electronic trading and agency-only brokerage services, has gone live with ITP Accounts. ITP Accounts is a Software as a Service platform that streamlines the access to customer account and standing settlement instructions stored on Omgeo ALERT and seamlessly integrates this information directly into the broker's post trade processing systems. The service ensures that the broker has the most up to date client standing instructions resulting in higher settlement rates and client satisfaction.

"Instinet has a long history of offering innovative trading technologies supported by leading edge post trade processing capabilities. We are very excited to be a part of Instinet's overall post trade processing infrastructure," says Gary Brackenridge, President and CEO of ITP.

"ITP has demonstrated a strong understanding of our business processes and we expect 'ITP Accounts' to help improve the quality of settlement services we offer our clients," said Luke Mauro, Managing Director, Global Head of Operations at Instinet.

About Integrated Trade Processing

Integrated Trade Processing Corp. (ITP), founded in 1999, is a leading provider of customizable trade processing services to the securities industry. The company seeks to make post-trade activity fast, flexible, coordinated, and cost effective for market participants and those who serve them. ITP's clients include more than a dozen global securities firms, including some of the largest financial institutions in the world. Visit to learn more.

About Instinet

Instinet Incorporated is an electronic trading pioneer, having established the world's first major electronic trading venue in 1969, one of the first recognized U.S. ECNs in 1997 and the first pan-European MTF in 2007. Through its subsidiaries and affiliates, Instinet operates two distinct business lines: a global network of agency-only brokers that seek to help institutions lower overall trading costs and improve investment performance through the use of innovative electronic trading products, including smart-routing, algorithms, DMA, dark pools and EMS platforms, and also provide sales trading, commission management services and independent research; and the Chi-X® Global business, which aims to improve the efficiency of capital markets globally by providing high-performance, low-cost alternative execution venues and the technology required to power them. Instinet is a wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please visit Instinet LLC, member of SIPC, assumes responsibility for distribution to U.S. institutional investors.

About Omgeo ALERT

Omgeo ALERT is the industry's largest web-based global database for the maintenance and communication of standing settlement and account instructions (SSI). ALERT enables a community of investment managers, brokers/dealers and custodian banks to share accurate SSI automatically worldwide.

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