Instinet falters despite growth on buy side


NEWYORK -- Agency brokerage service Instinet, a 60%-owned subsidiary of Reuters, has announced a record daily trading volume of 16.4 million shares through its Trading Portal. This comes after the much-publicised £88 million ($137 million) mid-year loss announced by Reuters (see BSIT, August 2002), of which New York-based Instinet was reportedly responsible for a £5 million operating loss.

But while the Instinet Trading Portal, launched in April 2002, is ahead of schedule in terms of clients

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: