Instinet Secures Its Place On Desks Of Money Managers As Volume Hits Critical Mass

AUTOMATED TRADING

Instinet, the electronic brokerage system operated by Reuters Holdings PLC, posted a 70 percent increase in trading volume during the first half of 1992, compared with a year earlier.

Including daily volume of two million shares on its Crossing Network, Instinet has recently been trading more than 15 million shares a day and more than 20 million shares on peak days, says Peggy Rappaport, senior vice president of Instinet.

Instinet's strong volume growth this year, and its ability to attract