Instinet's OMS Offers A Continuous Cross At Grantham Mayo

AUTOMATED TRADING

Users of Instinet Corp.'s nascent Order Management System (OMS) have found it can be used as a continuous crossing network (CCN), performing some of the same functions as Morgan Stanley & Co.'s MatchPlus Patient Trading system. According to sources at a recently installed test site for the product, Grantham, Mayo, Van Otterloo & Co., the system can provide a continuous crossing mechanism for portfolios tracking indexes.

OMS will be offered on the new PC platform Reuters has developed for its

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