TSE Welcomes Instinet, But Not Its Technology
THIS WEEK'S LEAD STORIES
After a struggle of more than two years, Instinet, the computerized trading network, has won membership on the Toronto Stock Exchange. However, to join the Canadian exchange, the Reuters Holdings PLC subsidiary has conceded to a six-month interim arrangement that strikes at the core of its usual way of doing business.
The restrictive agreement, reached on June 20 with the TSE, a group of Canadian securities dealers and the Ontario Securities Commission, is subject to a commission hearing on July
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