Information: - Instinet is an institutional , agency - only broker that also serves as the independent equity trading arm of its parent , Nomura Group . It executes trades for roughly 1,500 '' buyside '' clients such as asset management firms , hedge funds , insurance companies , mutual funds and pension funds . Headquartered in New York and with offices in twelve other cities around the world , the company provides sales trading services and trading technologies such as the Newport EMS , algorithms , trade cost analytics , commission management , independent research and dark pools of liquidity . Instinet is best known as one of the first off - exchange trading alternatives , with its '' green screen '' terminals prevalent in the 1980s and 1990s , and , more recently , as the founder of Chi - X Europe and Chi - X Global . According to industry research group Markit , in 2015 Instinet was the the 3rd largest Cash Equities broker in Europe . - Nomura Holdings, Inc. () is a Japanese financial holding company, and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional and government customers on a global basis with an emphasis on securities businesses. - A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques. It is administered by a professional investment management firm, and often structured as a limited partnership, limited liability company, or similar vehicle. Hedge funds are generally distinct from mutual funds as their use of leverage is not capped by regulators and distinct from private equity funds as the majority of hedge funds invest in relatively liquid assets. - A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. While there is no legal definition of the term "mutual fund", it is most commonly applied to open-end investment companies, which are collective investment vehicles that are regulated and sold to the general public on a daily basis. They are sometimes referred to as "investment companies" or "registered investment companies". Hedge funds are not mutual funds, primarily because they cannot be sold to the general public. In the United States mutual funds must be registered with the U.S. Securities and Exchange Commission, overseen by a board of directors or board of trustees, and managed by a Registered Investment Advisor. Mutual funds are subject to an extensive and detailed regulatory regime set forth in the Investment Company Act of 1940. Mutual funds are not taxed on their income and profits if they comply with certain requirements under the U.S. Internal Revenue Code. - A holding company is a company that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies. - In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange and the London Stock Exchange, which serve as managed auctions for stock trades. Stock shares in smaller public companies are bought and sold in over-the-counter (OTC) markets. What is the relationship between 'instinet' and 'limited liability company'?
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