Instinet Expands Quantitative Research and Development

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Instinet, LLC has announced that it is broadening its focus on quantitative research and development, to further expand the delivery of execution quality and consultancy for clients.

Instinet has tapped David Firmin to lead its Global Trading Research (GTR) team. Firmin has been with Instinet for more than 15 years and has held a number of senior electronic and algorithmic trading technology, strategy and client engagement positions in Europe, Asia-Pacific and, currently, the Americas. He is based in New York.

Additionally, Brian Bulthuis has joined Instinet to lead its US quantitative trading strategy team and further drive the agency broker’s expansion of its quantitative analysis and strategic execution consulting offering in the US. Bulthuis was most recently Head of Quantitative Research, Client Electronic Trading at Virtu and has more than a decade of experience in the quantitative space.

“Execution quality, product and performance have always been major focal points for Instinet. The current global regulatory environment only serves to increase the importance of measuring, managing and improving execution quality and delivering innovative trading solutions to our clients. I’m excited to lead this effort at Instinet and I am very pleased to welcome someone of Brian's caliber and experience to the team,” said Firmin.

Instinet's Global Trading Research team is responsible for algorithmic trading products and operations, pre-trade, post-trade and real-time trading analytics, quantitative trading research and development, execution consulting and microstructure commentary globally. The team is based in New York, London, San Francisco, Edinburgh and Hong Kong.

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