Instinet Teams With Social Media Guru GreenCrest for Research

Instinet announced on Wednesday it has entered into an agreement to provide social media and e-commerce research from advisory firm GreenCrest Capital Management.

Under the agreement, Instinet clients will have access to GreenCrest’s insights into private firms in the social media and e-commerce sectors.

"Instinet’s deep roster of clients made it a natural fit for us," Boaz Rahav, general partner of GreenCrest, said in a statement. "We are excited to be working with Instinet’s experienced sales group to market our research to its global client base."

The Instinet Access program will provide support services to GreenCrest, including sales and marketing, account coverage and payment facilitation.

Nomura-owned Instinet established its first electronic trading venue in 1969. The company also remains a majority shareholder in Chi-X Global.