Instinet Incorporated, an independent, global agency-only broker*, today announced that its Instinet, LLC subsidiary has been named Applied Finance Group’s (AFG) “Preferred Broker”.
Founded by Rafael Resendes and Daniel Obrycki, AFG is a leading independent equity research firm whose cash flow analyses and valuation framework help money managers and quantitative-driven clients better understand corporate performance relative to market expectations.
“AFG is a highly-rated provider of fundamental and quantitative research, so we were obviously very pleased to be named the preferred broker of such a well-regarded firm,” said Jonathan Kellner, Head of the Americas Region at Instinet. “Instinet has long been a global supporter of independent research and in particular these types of relationships, which we see as being beneficial to the providers, the buy side and the industry overall.”
“By partnering with Instinet, our clients will leverage one of the most advanced global execution and commission management platforms available,” said Chris Austin, Director of Marketing and Sales at AFG. “The fact that Instinet is also an agency-only broker, whose values align incredibly well with ours as an independent research provider, made the agreement that much more appealing to us.”
AFG is the third firm to designate Instinet a Preferred Broker, joining FactSet and Zelman & Associates. In addition, seven independent research firms rely on Instinet for third-party marketing support through the Instinet Access™ program.
* through regional brokerage subsidiaries
FTSE Mondo Visione Exchanges Index:
Instinet Named “Preferred Broker” By The Applied Finance Group
Date 07/01/2013