Reuters Announces Intention to Float Instinet, Finally
ATS/ECN UPDATE
LONDON--Amid continuing market speculation, Reuters has finally decided to float Instinet, its electronic brokerage firm, and has begun the preparatory work for an initial public offering in the US of a minority stake. Reuters chairman Peter Job said in a conference call that the flotation of Instinet will create great value for investors and bring more transparency to Reuters shareholders.
Job added that Instinet as a separate public entity will have more freedom to make strategic acquisitions
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