Instinet agrees to acquire TORC Financial

The acquisition will provide Instinet's clients with immediate access to TORC's suite of options-focused, broker-agnostic applications for institutional derivatives trading. According to Instinet, this functionality - including execution, analytics and risk management capabilities - will enhance its electronic cross-asset trading offering.

TORC offers a suite of derivatives trading technologies including TOP (TradeSpeed Options Professional), a multi-asset class application that offers integrated