Exact(9)
That honor belongs to Instinet, a subsidiary of Reuters that handles mostly institutional trades.
The biggest is Instinet, which deals almost exclusively in large institutional trades.
"When you look at the size of the trades, there were a lot of large institutional trades," Mr. Birinyi said.
Moreover, the large order sizes and potentially high information content make institutional trades most vulnerable to HFT strategies such as front running.
It has invested in an ECN, Archipelago; in Wit Capital, an online investment bank; in OptiMark, a sophisticated anonymous electronic stockmarket for big institutional trades; in Easdaq, Europe's version of Nasdaq; and in Primex, an electronic trading system created jointly with Merrill Lynch and Madoff Securities, a rebellious New York broker.
You'll see both retail and institutional trades, giving you a good idea of the best purchase or sale price.
Similar(47)
He is an associate in institutional trading at Salomon Smith Barney in New York.
He is building up Knight's institutional trading business, which is more profitable than trading for individual investors.
"I think institutional trading has been the driving force of what has been going on in the market," he said.
"The McDonald's warning is a cause of concern," said Tony Cecin, director of institutional trading at US Bancorp Piper Jaffray.
"The upside momentum in the market has definitely returned," said Keith Keenan, vice president for institutional trading at Wall Street Access.
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