Instinet, a unit of Nomura Holdings, has included an intraday match to its Volume Weighted Average Price (VWAP) Cross. The intraday component provides participants with execution prices at the day’s consolidated interval.
VWAP builds on the success of Instinet’s full day VWAP Cross and offers a block focused crossing venue to the institutions and broker dealers that is ideal for trading less liquid stocks. The Intraday VWAP Cross can be accessed from Newport3 EMS or Instinet Trading Portal, through multiple third party trading systems or via direct FIX connection.
Click here for the release from Nomura Holdings.