Nomura's US Equities Arm Instinet Names Ralston Roberts as CEO

Instinet Incorporated, a global equities broker owned by Nomura Holdings, announced Monday that it has appointed Ralston Roberts as its Chief Executive Officer (CEO), replacing Jonathan Kellner who recently left the firm to join cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Coinbase.

It was first announced that Roberts was leaving Goldman Sachs for a senior position at Instinet in August of this year by news outlet Financial News. The report at the time said he would be taking the position of chief operating officer, sighting people familiar with the matter.

At Goldman Sachs, Roberts was a Managing Director and Co-Head of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term Services for EMEA. Before working at the multinational investment bank, in June 2013, he was named as the chief operating officer for real-time market data and network services at SunGard, a software provider.

Commenting on the appointment, Steven Ashley, Head of Wholesale and Global Markets, and Chairman of Instinet Incorporated said: “Instinet’s technology-focused, agency execution model continues to play an integral part of the strategic ambitions we have for our Global Markets franchise. I am delighted to welcome Ralston who brings to the firm his extensive experience in the electronic trading and securities execution services businesses."

“As Instinet celebrates its 50th anniversary next year, a testament to the firm’s ability to nimbly adapt to an ever-changing market and regulatory landscape, under Ralston’s leadership, our aim is to continue to advance and evolve the Instinet platform with a key focus on delivering for our clients.”

During his career, Roberts was also the Chief Technology Officer (CTO) of Wells Fargo Securities, a position he held for four years from 2002 until 2006. According to his LinkedIn profile, he began his career in 1999 as an Associate at Robertson Stephens.

“I am extremely excited to join Instinet, the “original fintech,” that introduced electronic trading to the financial markets, at a very interesting point in the firm’s history. I also look forward to working alongside this great team of seasoned trading, technology, and service experts, further expanding the firm’s valuable client offering and global footprint,” added Roberts.