Growth At Reuters' Instinet Slows Down, Volume Shifts To Nasdaq And Other Networks
TRADING LINKS
When Reuters Ltd. reported its earnings for the third quarter ended, Sept. 30, the tail off in growth of its Instinet alternative trading system was obvious. For the quarter, Instinet's revenue only grew by 6%, net of currency. That's a far cry from the high double-digit growth the network enjoyed in the year ago quarter, and barely half of 11% growth the network enjoyed in the second quarter.
The decline in sales growth is dramatic evidence that Instinet has been hit hard by a succession of
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