T Share, which is available now, aims to simplify the commission management process for both broker-dealers and institutions. For brokers, T Share may provide their institutional clients with increased incentives to trade with them, and represent an affordable way of outsourcing commission management administration. For institutions, T Share will expand the universe of trades eligible for commission credit to include trades ‘away’ from Instinet at participating brokers, while also potentially improving workflow efficiency by reducing the need for multiple administrative relationships.
Michael Plunkett, president of North America at Instinet, said: Instinet has long been a pioneer in the commission management space, which has helped us build one of the largest and most technologically-sophisticated offerings available today. We see T Share as a boon to both institutions and our sell-side partners given its ability to provide choice, transparency and, ultimately, total reliance on execution quality as the determining factor in trading decisions.
