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Instinet Newport
Newport is Instinet’ s broker-neutral, multi-asset class EMS, which provides real-time data, order entry tools and flexible execution options designed to take traders from pre-trade strategy, through advanced order execution management, to post-trade analytics. Multi-asset trading capabilities include equities, complex order types, options and futures. Instinet notes that Newport is built on exchangegrade technology and is market-tested by leading firms in addition to supporting Instinet’ s own highvolume global agency business. Over the past year, Instinet has added new market on close / target close analytics tools including those for pre-trade, intraday and post-trade. Of Instinet’ s roughly 1,000 buy-side clients using Newport, 22 submitted their feedback in this year’ s survey.
Reversing the gains from last few years, Instinet’ s overall score for this year’ s survey was 5.46, as the vendor experienced year-on-year declines across all categories. The most notable drop was recorded in overall cost of operation, which represents a decrease of-1.45. For 2025, Instinet’ s highest score was achieved in availability and reliability( 6.21), followed by latency( 5.97), FIX capabilities( 5.92) and client service personnel( 5.86).
In terms of the survey benchmarks, Instinet outperformed the category average in two key areas, namely client service and reliability, which beat the category averages by 0.15 and 0.14 respectively. In contrast ease of use fell short of the category benchmark by-0.49, highlighted perhaps by some of the client feedback below. Despite this over 95 % of the respondents stated they were not looking to change their existing EMS provider in the next 12 months.
Clients responding to Instinet Newport in this year’ s survey were heavily North American focused at 64 % with the UK trailing behind at 18 %. In addition, 45 % of respondents were from firms managing over $ 50 billion in AUM.
Sample feedback from respondents included the following:
• More integrated analytics and better stock data on each line
• Lower latency, FX trading inclusion
• FX capabilities integrated into equity blotters
• Improve the ability to customise at the desk level and make it easier to integrate with other systems
INSTINET NEWPORT RATINGS FOR EMS PERFORMANCE
Reliability and availability |
Latency |
Client service personnel |
Ease-ofuse |
Handling of new versions / releases |
Breadth of broker algorithms |
Timeliness of updates for broker changes |
FIX capabilities |
6.27 5.97 5.86 5.30 5.35 5.75 5.36 5.92
Breadth of asset class coverage |
Breadth of direct connections to venues |
Product development |
Ease of integration to internal systems |
Overall cost of operation |
Average score |
5.03 5.57 4.83 4.95 4.86 5.46
KEY STATS Category Outperformer: X2
6.27
Highest score( Reliability and availability)
4.83
Lowest score( Product development)
N / A
Most improved( N / A)
-1.45
Least improved( Overall cost of operation)
72 // TheTRADE // Q3 2025