Reuters Instinet Order-Match Revenues Grew 89 Percent In First Quarter Of 1994
AUTOMATED TRADING
BIG growth for equities order-matching systems has not abated--not for Reuters Holdings PLC, anyway. So far, in the first quarter of the year Instinet Corp. pulled in revenues of $67 million, a whopping 89 percent more than the Reuters unit logged in the first quarter of last year. Instinet's growth helped pull up Reuters' overall revenues, which increased by 15 percent.
Instinet's quarterly results were revealed for the first time last week, when Reuters commenced a new policy of disclosing
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