Looking to simplify the commission management process for both institutions and their broker/dealer partners, Instinet has released two new offerings.

Building on its existing commission management products—the BrokerShare CSA program and soft dollar program—Instinet has launched the T*Share program and Plazma, a Web-based commission management platform.

T*Share enables Instinet’s buy side users trade with multiple brokers, away from Instinet, while consolidating their commission credits on Plazma for research payments.

“It gives clients the ability to execute anywhere they chose and at the same time build credits in Instinet’s T*Share program,” says Michael Plunkett, president of North America at Instinet. “The key is giving clients choice and efficiency. This reduces administrative burdens and gives users choice in where to put trades.”

Plunkett says that Instinet receives a file from each broker on the clients’ trades which is then put into T*Share. “The client can go in and check to make sure the files are correct and their credits are proper,” he adds.

Institutional users can manage their commission accounts through the Plazma web-based platform, which includes online payments and access to credit and debit records, charting and analysis of accounts. Broker/dealers will also have access to their own view through Plazma to analyze their client relationships and commission data as well.

This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in the message center do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this forum becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.

Important Note: The Message Center is NOT intended for commercial messages or solicitations of business.