Instinet IPO Reveals IT Spending and Development Efforts
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NEW YORK--The release of Instinet's IPO registration document has shed light on its most recent IT efforts. The filing reveals that Instinet is currently testing new order-routing technology, which it will provide to its parent company, Reuters, at a "reasonable commercial rate."
Additionally, Instinet is building a "new, more flexible platform for [its] communication with, and connections to, [its] customers." The construction of this platform follows on the heels of the recent re-engineering
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