Reuters Releases Strong Second Quarter Earnings; Instinet Posts Healthy Gains

AUTOMATED TRADING

Reuters Holdings PLC released its second quarter earnings, citing an overall revenue increase of 19 percent, with some of the largest gains stemming from the vendor's Instinet Corp. subsidiary. Reuters' order-execution system vendor topped its 1992 second quarter performance--reporting a 74 percent increase in revenues in the first six months of this year.

Instinet generated revenues of $73 million, as compared with the $42 million it generated during the same period a year ago. Instinet's to

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