BULLETIN: Instinet's Chairman And President Resign To Start New Firm

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William Lupien, chairman and chief executive officer of Instinet Corp., and Murray Finebaum, president and chief operating officer, will leave the Reuters Holdings PLC subsidiary to form a Los Angeles-based brokerage firm.

Reuters managing director Glen Renfrew has been notified of the resignations, but Lupien and Finebaum plan to remain at Instinet until March.

Lupien tells TST he finds it difficult to work within a large corporation and wants to return to trading. "I'm not the kind of guy who

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