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Nomura’s Instinet to buy State Street alternative trading system

Addition of US-focused, buyside-only system is 'another milestone' in Instinet's history, says CEO

Thursday 22 June 2017 at 13:12

Nomura’s Instinet to buy State Street alternative trading system

Instinet, the equity execution services arm of Japanese bank Nomura, has struck a deal to buy a US-focused, buyside-only alternative trading platform from State Street.

Instinet said in a statement today it had reached a definitive agreement with State Street over a deal to acquire the latter's BlockCross ATS, which is expected to close in one or two months, for an undisclosed purchase price.