Instinet, a wholly-owned subsidiary of Nomura Holdings, has agreed to acquire substantially all the business and assets of TORC Financial, a UK-based provider of derivatives trading technologies.
Reportedly, the acquisition will provide Instinet’s clients with immediate access to TORC’s suite of options-focused, broker solutions for institutional derivatives trading. The solutions which include execution, analytics and risk management capabilities are expected to improve Instinet’s electronic cross-asset trading offering.
The company claimed that it offers a suite of derivatives trading technologies, including TOP (TradeSpeed Options Professional), a multi-asset class application that offers integrated options analytics and execution capabilities and is integrated with US-based brokers; and RiskPro, which allows for the real-time tracking of risk metrics across positions, accounts, groups, asset classes and trading desks.
Anthony Abenante and Fumiki Kondo, co-chief executive officers of Instinet, said: “This acquisition allows us to leverage the capabilities of the two organizations and move Instinet to the forefront of electronic derivatives trading. The TORC acquisition is a strategically integral move for Instinet and greatly enhances our ability to serve our customers.”
Instinet is a provider of electronic trading and agency-only brokerage services.
