Giant Pension Fund TIAA/CREF Mulls New Instinet Platform To Support Pairs Trading


The Teachers Insurance & Annuity Association/College Retirement Equity Fund, the largest pension fund in the U.S., is testing Instinet Corp.'s new microprocessor-based platform along with Instinet's new order management system (OMS). TIAA/CREF may install the new Instinet platform as part of an upgrade to the College Retirement Equity Fund's international investment operation.

TIAA was founded in 1918 by the Carnegie Foundation; CREF in 1952 as a companion organization through a Special Act

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