Aftermath Of Instinet-Datek Merger: More Talks, Or Status Quo?

Now that Instinet has left Datek at the altar--or vice versa--perhaps it remains to be seen where this leaves either company in the aftermath of their failed merger. The merger talks between both companies were kept under wraps until early this month, when a joint announcement was made revealing that the talks were abandoned.

The news came amid increased industry pressure in some quarters for a central limit order book and cast more doubt on how this will be resolved. Ironically, the deal that