London, May 13, 2025—Instinet, a leading global agency-only broker, announces a strategic rebranding of its BlockMatch RFQ venue to "BlockMatch Select". This change responds to increasing buy-side demand for enhanced liquidity access and reflects Instinet's role as a leading liquidity aggregator.

With this update, Instinet's BlockMatch MTF will offer three distinct trading books:

• BlockMatch Dark
• BlockMatch Select (formerly BlockMatch RFQ)
• BlockMatch NT

"BlockMatch Select represents our commitment to bilateral liquidity optimisation," said Simon Dove, Head of Liquidity at Instinet. "It enhances current workflows by providing automated access to a wide range of market participant flow and complementary liquidity sources, which will allow a menu offering choice for a whole range of algo and DMA workflows."

Key features of BlockMatch Select include:

• Seamless connectivity via Instinet’s execution platform
• Fully configurable, modular workflow, with the option to target liquidity on a tailored basis
• Curation of liquidity and risk provision through a transparent, regulated platform

This development leverages Instinet's extensive track record in liquidity aggregation, providing clients with a distinct edge in accessing and optimizing bilateral liquidity.

"Our platform allows clients to enhance their liquidity access and interaction methods," added Dove. "We're not just facilitating trades; we're curating a premium liquidity experience tailored to our client’s needs."

"In response to our clients' needs, we've developed a solution that tackles Europe's persistent liquidity challenges, said Salvador Rodriguez, EMEA Head of Global Execution Services. “Our innovative workflow, leverages Instinet's proven execution platform, extensive liquidity access, and far-reaching distribution network to seamlessly connect diverse industry participants."

Media Contact

Simon Danaher
Media Relations Manager
Phone: +44 (0) 207 102 0381
Email: simon.danaher@nomura.com

About Instinet

Instinet Incorporated, through its brokerage subsidiaries (collectively, "Instinet"), provides technologically advanced, agency-model brokerage services to institutional clients worldwide. As the wholly-owned execution services arm of Nomura Group, Instinet seeks to add value across the investment life cycle, providing: Market Insights – Index Analysis, Technical, Market and Sales Commentary; Trading Services – a suite of smart, and flexible electronic trading strategies and experienced high-touch trading teams across equities and derivatives; Liquidity Venues – crossing pools in multiple regions offering opportunities for block-like execution; and Workflow Solutions – offering award-winning, customizable desktop platforms such as Newport® EMS, a suite of Trading Analytics, and Plazma®, a Research Payment and Commission Management system. Instinet helps institutional investors create, protect and capture alpha, reduce complexity, and lower overall trading costs to ultimately improve investment performance. Over the course of its 50+ year history, Instinet has been a pioneer in electronic trading, creating of an array of now industry-standard technologies and the world's first major electronic trading venue. For more information on how Instinet's commitment to being nimble and innovative helps clients every day, please visit instinet.com.