Instinet Readies New Terminals
CONNECTIVITY
NEW YORK--Users can expect a swathe of technology changes by year end from Instinet, which last week announced its first profit since 2001.
The company reported net income of $4 million, or $.01 per share for Q3 2003, compared to a net loss of $528 million, or $2.05 per share for Q3 2002. Officials confirmed that its alternative trading systems (ATS) business is switching to the Island ECN platform, to be called INET, as TTW reported last week.
The Island platform itself will get a new Java
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