News Release Instinet Incorporated Instinet Adds Broker Vote Functionality to Plazma Commission Management Suite (pdf)

---

 

 

 

 

 

 

 

 

                       

 

 

 

Hong Kong [phone] • London [phone] • New York [phone]

 

Instinet Adds Broker Vote Functionality to Plazma Commission 

Management Suite 

 

NEW YORK – November 29, 2011 – 

Instinet Incorporated

, a global leader in electronic trading and 

agency-only brokerage services, today announced the addition of broker review and voting functionality 

to Plazma

®

, the firm’s global, broker-neutral, multi-asset 

commission management suite

.   

 

The customizable new broker vote module, which is fully integrated within Plazma, allows: 

 



 

Administrators to easily manage the entire broker vote process to determine exactly how much 

each provider should be paid for its research, management access, etc.; 

 



 

Users to view their historical allocations, both by number of votes and total commission; 

 



 

Users to input relevant information about each broker throughout their review period to assist in 

the voting process; 

 



 

Buy-side firms to qualitatively rate a provider’s service level and generate a customizable 

“Report Card” comparing the provider to its peers. 

 

“At its core, Plazma is a broker-neutral workflow solution for the buy side. We view this added 

functionality as a natural extension of Plazma’s capabilities, and believe that clients will find real value in 

the integration of a broker voting mechanism within the system they use to manage their commission 

spend,” said 

Jonathan Kellner

, President of the Americas at Instinet.   

 

The addition of the new functionality follows Instinet’s introduction of multi-asset support earlier this 

year, which allows users to generate soft dollar and CSA/CCA (Commission Sharing Arrangement/Client 

Commission Arrangement) credit through US-listed Options trades. 

 

With an extensive (2,000+) global roster of participating brokers and vendors, an integrated budgeting 

tool, the T*Share

™

 commission aggregation offering and now broker voting functionality, Plazma is one 

of the market’s most advanced commission management suites. The platform underpins Instinet’s entire 

industry-leading

 commission management offering, which in 2010 processed over 30,000 invoices 

globally worth more than $275 million (USD). Through November 1, 2011, Instinet is on pace to do the 

same in 2011. 

 

About Instinet 

 

A Nomura Group company, Instinet 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 Chi-X Global 

Holdings LLC, in which it remains the majority shareholder. Through its subsidiaries, Instinet acts as a 

global agency-only broker, helping institutions lower overall trading costs and improve investment 

performance through an advanced suite of electronic trading tools, sales and portfolio trading, 

commission management services and access to independent research. For more information, please visit 

www.instinet.com

. 

 

---

 

 

 

 

 

 

 

 

                       

 

 

 

Hong Kong [phone] • London [phone] • New York [phone]

Media Contact 

 

Mark Dowd 

Global Marketing and Communications 

Phone: [phone] 

Email: [e-mail] 

 

©2011, Instinet Incorporated and its subsidiaries. All rights reserved. INSTINET is a registered trademark in the United States and other countries 

throughout the world. Approved for distribution: in Australia by Instinet Australia Pty Limited (ACN: 131 253 686 AFSL No: 327834), which is regulated 

by the Australian Securities & Investments Commission; in Canada by Instinet Canada Limited and Instinet Canada Cross Limited, members 

IIROC/CIPF; in Europe by Instinet Europe Limited, which is authorized and regulated by the Financial Services Authority; in Hong Kong by Instinet 

Pacific Limited, which is authorized and regulated by the Securities and Futures Commission of Hong Kong; in Japan by Instinet Japan Limited, which 

is a Financial Instrument Dealer under the Financial Instrument and Exchange Law, registered with Kanto Local Financial Bureau (Registration No. 

208) and is a member of Japan Securities Dealers Association (JSDA); in Singapore by Instinet Singapore Services Private Limited, which is regulated 

by the Monetary Authority of Singapore, a trading member of The Singapore Exchange Securities Trading Private Limited and a clearing member of 

The Central Depository (Pte) Limited; and in the US by Instinet, LLC, member SIPC.