Townsend Analytics to Offer Instinet's Direct Market Access and Algorithmic Trading Services via RealTick(R) EMS

CHICAGO and BOCA RATON, Fla., Oct. 4 /PRNewswire/ -- Townsend Analytics today announced at the Security Traders Association 74th Annual Conference in Boca Raton (Booth #47) that users of its RealTick Execution Management System (http://www.realtick.com) are now able to access alternative trading systems (ATS), global direct market access (DMA), algorithmic trading and agency sales trading services from Instinet, a global agency broker and wholly-owned subsidiary of Nomura Holdings, Inc.

With the agreement, RealTick clients, which include both buy-side and sell-side organizations in 94 countries and territories, can now directly access Instinet's U.S. and European order tickets. These in turn provide access to Instinet's five ATS platforms (including Chi-X(R) Europe and CBX(SM) in the U.S.), DMA to over 50 securities markets in more than 30 countries, suite of trading algorithms and agency sales trading desks in Europe and the U.S.

"Institutional traders today are presented with myriad venues on which to trade and strategies to employ," said Michael Plunkett, President, North America at Instinet. "We believe firmly that the concept of openness, whether on our platforms or our partners', is what the buyside demands, and Instinet will make every effort to accommodate that desire."

"Adding a leading agency broker like Instinet to our multi-broker network allows RealTick users to benefit from Instinet's access to additional markets around the globe without having to access multiple platforms," comments Michel Finzi, Managing Director, Global Head of Sales and Marketing for Townsend Analytics.

Townsend Analytics (http://www.townsendanalytics.com) is a leading provider of multi-broker, multi-asset, multi-route, and multi-region electronic trading solutions for the global capital markets.

About RealTick(R)

RealTick, created by Townsend Analytics, is the electronic trading industry's premier multi-asset, multi-broker, and multi-route direct-access trading platform. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to brokers, exchanges and ECNs; and risk management tools to institutions, broker-dealers and individual investors. RealTick's advanced technical design is supported by state-of-the-art data centers and a redundant network for market data and orders. For more information, visit http://www.realtick.com.

*RealTick is a registered trademark of Townsend Analytics, Ltd.

About Townsend Analytics

Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows(R); the first product to provide real-time streaming data over the Internet; the first integrated solution for NASDAQ trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation's first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. The firm's four main lines of business include Trading Services, Content Services, Exchange Services, and Risk Management Services. Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Lehman Brothers (NYSE: LEH) . For more information, visit http://www.taltrade.com.

About Instinet

Instinet, through its subsidiaries, is a global agency broker, providing the trading expertise and advanced technology necessary to successfully interact with more than 50 securities markets worldwide. Acting solely as an agent for its customers, Instinet seeks to improve institutional investment performance and lower overall trading costs through its various front-end trading systems, securities crossing networks, smart-routing technology, algorithms, commission management programs and investment research products. Instinet also operates a wide array of ATS platforms around the world, including CBX(SM) in the United States, Chi-X(R) in Europe and JapanCrossing(SM) in Asia. The firm, which is a wholly-owned subsidiary of Nomura Holdings, Inc., has offices in North America, Europe and the Asia Pacific region. For more information, please visit http://www.instinet.com.