Instinet Launches Third-Generation EMS
"We have neared completion in the U.S. and Europe, except for a couple of stragglers, and we've made progress in Asia as well," says Frank Freitas, head of product strategy with Instinet.
The broker changed the underlying technology that now runs the Java-based platform to include some common components from its Chi-X matching engine, allowing the latest release to support hundreds of thousands of trade messages per day, according to John Zanoff, global head of EMS strategy with Instinet. The new
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