Reuters' Instinet Acquires Thamesway Investment Group; Extends Reach Overseas


Instinet Corp., the electronic brokerage subsidiary of Reuters Holdings PLC, last week signed a letter of intent to acquire Thamesway Investment Services Inc., the soft-dollar brokerage unit of Barclays de Zoete Wedd (BZW). The deal, expected to be complete by the end of September, is intended to extend Instinet's reach in international markets, particularly in Asia.

Instinet executive vice president Andy Baxter cites Thamesway's success at providing cross-border equity transaction services as

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