Instinet Adds NPD to Independent Research Platform


New York, NY –  Last week, Instinet – Nomura’s agency brokerage division — added NPD’s DisplaySearch Investment Research to its Instinet Access independent research platform.  This means that Instinet now offers six different independent research providers to buy-side clients via its Access platform.

NPD Joins Instinet’s Indie Platform

NPD DisplaySearch provides research and forecasts about the display supply chain and display-related industries, as well as the solar industries.  Since 1996, NPD’s network of analysts interview, connect with, and survey more buyers, sellers and OEMs than any other market research firm in this industry, enabling them to provide timely, relevant and actionable insights to their clients.

“With its on-the-ground presence in prime global manufacturing hubs, experienced team and ability to cross-check findings with the broader NPD Group, NPD DisplaySearch produces analysis of the display and PV supply chains that is unparalleled,” said Craig LoGrande, Head of Instinet Access Sales.

This new partnership allows NPD to leverage a variety of services provided by Instinet, including outsourced marketing support, account coverage, and payment facilitation across Instinet’s institutional client base.


The Newest Addition Brings Instinet to Six Providers

Instinet has been actively marketing independent research products to its buy-side clients for quite some time.  With the addition of NPD, Instinet now offers its clients six (6) different independent research providers.  These firms include:

Customer Growth Partners: Customer Growth Partners, LLC (CGP) is an independent research and consulting firm that focuses on all segments of the retail industry, drawing on its decades of experience in consumer research, demand forecasting, and customer relationship management. Since 2001, CGP has provided clients annual forecasts based on detailed weekly store and channel checks in over 30 benchmark mall and off-mall venues.  CGP observes a standardized set of metrics that are overlaid onto market share, corporate sales and government data to create the firm’s proprietary sales model.  From this model, CGP is able to generate sales estimates, store comparisons, and insight on a wide range of retail names.

Decision Economics: Decision Economics (DE) focuses on global investment strategy and macro-economic analysis and forecasting to help clients position themselves strategically ahead of broad directional moves in economies and markets. DE’s research is based on a unique methodology that combines proprietary forecasting tools with systematic intelligence from high-level central bank and government contacts. The firm is headed by Allen Sinai, former chief economist at Lehman Brothers.

McBee Strategic Insight: McBee Strategic Insight, LLC (MSI) is an independent Washington research firm that provides political analysis and policy forecasts for federally regulated or other impacted sectors, helping investors better understand and anticipate the impact of key policy and regulatory decisions.  MSI’s research draws upon its principals’ deep experience with and understanding of the legislative process to provide unique insight into a broad cross section of policies.  MSI is led by Steve McBee, who has been recognized for the last four years as “Best in the Business” by The Hill, and includes a team of sector experts who bring significant experience as former senior aides on Capitol Hill and in the Administration.

Meredith Whitney Advisory Group: Meredith Whitney Advisory Group, LLC (MWAG) provides a diverse range of strategic advisory services through its analysis of both the financial sector and U.S. States. Covered companies in the financial sector include the leading mortgage, banking, brokerage, credit card and payment processing firms; while its municipal market coverage evaluates the economic issues faced by 25 U.S. States. As an independent firm unaffiliated with any financial institution, MWAG’s distinct position and extensive knowledge base enables it to deliver forward-thinking, impartial and timely investment advice.

Trusted Sources: Trusted Sources (TS) is an independent, top-down emerging markets research provider that focuses on understanding the investment implications of public policy in the BRICs, where government action is a major driver.  Using in-house country experts and on-the-ground “trusted sources”, TS helps clients frame investment opportunities with greater confidence.  TS’ unique methodology enables it to spot evolving trends early, pinpoint non-consensus themes, and consistently offer new and original perspectives to investors.

Some Research Platforms Growing While Others Shrink

The addition of a new research provider to Instinet’s Access platform is noteworthy as other agency brokers or investment banks have scaled back their independent research marketing efforts this year.  Earlier this year, Goldman Sachs shuttered its Hudson Street platform.  In addition, other agency brokers have told us that declining commission pools have prompted them to limit initiatives to market independent research firms to their clients.

However, a few agency brokers are following Instinet’s lead by continuing to build out their 3rd party research marketing efforts.  Firms such as Bloomberg Tradebook are continuing to expand their research distribution initiatives as they see the benefits of offering high quality research along with their trade execution services as a way to grow their commission volumes and differentiate their services with the buy-side in a difficult market environment.



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