Jonathan Kellener, the CEO of Instinet, is expected to step down from the broker later this year, according to people familiar with the matter. 
Former Goldman Sachs trading executive Ralston Roberts is cited as a potential replacement, the people said. 


The chief executive officer at Instinet, the agency broker owned by Japanese investment bank Nomura, is preparing to step down later this year, according to people familiar with the mater. 
Instinet CEO Jonathan Kellner joined the company in 2007 as its head of US sales trading and took on the top position at the firm in 2014.
Recently, Financial News reported that Ralston Roberts, a electronic trader executive from Goldman Sachs,was joining Instinet as chief operating officer. Roberts is cited as a potential replacement for Kellner, the people said. 
A spokesperson for Instinet declined to comment. 
Elsewhere at Instinet, the firm has been scooping up a number of former KCG employees, including William Wiley, as head of strategy; Brian Bulthuis, as an executive director; and Denise Fiacco in the quant trading strategy group. 
Many of those hires were part of a broader effort at the firm to broaden its focus on quant research and development to improve the quality of trade execution. 
Instinet provides algorithmic trading products, trading analytics, and other execution services, working out of offices in New York, London, San Francisco, Edinburgh, and Hong Kong.
See also:

A top Morgan Stanley electronic trading exec is out 
The high-profile trader who slammed ex-employer ITG with a lawsuit is gearing up to launch a firm of his own
Join the conversation about this story » NOW WATCH: An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009

More Stories

Bitcoin.com: Thursday October 18, 2018

Former CFTC Chair Advocates Technology Neutral Cryptocurrency Regulations

The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views pertaining to the regulation of the cryptocurrency markets...

CoinDesk: Thursday October 18, 2018

U.S. Marshals to Auction $4.3 Million in Bitcoin Next Month

The U.S. Marshals are set to auction off about 660 bitcoin forfeited in federal criminal, civil and administrative cases, worth about $4.3 million.

Business Insider - Tech: Thursday October 18, 2018

Facebook thinks the hackers that stole 29 million users' info were spammers not a nation state

Facebook believes that spammers, and not a...

Crowdfund Insider: Thursday October 18, 2018

Fintech Bridge: UK Sends Large Fintech Delegation to Australia for SIBOS, Intersekt

The UKDepartment for International Trade, along with the Prime Minister's Fintech Ambassador Al Lukies, are heading to Australia as part of the "GREAT

Bitcoin.com: Thursday October 18, 2018

African Cryptocurrency Exchanges Forced to Step up Security

exchanges in some of Africas biggest Bitcoin markets have been forced to rethink their security protocols to prevent issues of attacks by hackers,

Bitcoin.com: Wednesday October 17, 2018

Two US States Issue Cease and Desist Orders Against Five ICO Issuers

The U.S. states of Colorado and North Dakota have independently issued cease and desist orders against companies promoting initial coin offerings in their states. These tokens are potentially fraudulent securities offerings, according to the two states' securities commissions. One scheme promises a return of 10 percent per month and claims to be pegged to the price of gold.