Instinet to Push Bookstream On the Buy Side
ORGANIZATION AND STRATEGY
NEW YORK--Instinet is preparing to market Bookstream, its data feed, to the buy side. It is also planning to introduce packages of filtered market data for firms that want more customized products but don't want to do the work themselves.
Between 30 and 40 clients are currently using Bookstream, says Joel Steinmetz, senior vice president for equities and director of strategy for the Americas at Instinet. Bookstream, which is free, delivers all of Instinet's equity order flow, with or without
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