Instinet Ramps Up Options Coverage with Torc Buy

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The process, which involves the purchase of the majority of Torc's assets, will be completed in two parts, according to officials. The acquisition of the firm's technology assets closed on Aug. 26, and the firms are currently working on the acquisition of the broker-dealer portion of Torc, which is still subject to regulatory approval. However, officials from both firms expect the transaction to be completed by the end of September or the beginning of October.

"We have been working with Torc for

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