Instinet is expanding its European and US research coverage through co-branded partnerships with independent third-party providers. The global electronic securities firm does not want to compete head-on with the sellside, but hopes to win more business by offering a complementary, value-added product.

Instinet, which is 83% owned by Reuters, has an in-house team of quantitative and technical analysts who help clients with their trading strategies through forecasting, trend and value analysis. Now it wants to broaden its product offering and provide more in-depth, fundamental analysis to key European and US sector groups.