Thomson Financial Services Inc. has purchased Instant Link, Reuters Holdings PLC's Instinet Corp.'s trade confirmation system. With the deal, Thomson acquires Instant Link's software and technology--which it is already looking to replace--and, more importantly, a customer base of some 200 users. Thomson has also begun work to connect Instant Link to its own planned order-routing systems.
"Instinet hopes to be a customer of the replacement technology [that Thomson builds] to Instant Link," sa
It’s a trio of problems: Mifid II’s data problem; blockchain projects stalled; and data quality issues for machine learning.Subscribe to Weekly Wrap emails