Instinet, an agency-model broker, agreed to acquire execution services business, an agency-focused broker providing customized algorithms, from FIS, a financial technology solutions provider. Financial terms are not disclosed. “We’re very excited to bring FIS Execution Services into Instinet’s legendary agency business. There is tremendous alignment between our mission and theirs - we both are intensely focused on our clients’ execution performance quality. And we both use quantitative research and advanced technology to drive efficiencies and lower trading costs. This will be a joining of complementary platforms, and it promises to be a great fit culturally, as well as strategically. We look forward to providing the benefits of this combination to our collective clients," Ralston Roberts, Instinet CEO.