BRIEF OBJECTS

BRIEF OBJECTS

INSTINET GETS A GREEN LIGHT IN JAPAN

Instinet Japan was granted its proprietary trading system license from Japan's Financial Services Authority last week. As a result, the electronic trading arm of Reuters Group will be the first institutional broker to offer electronic off-exchange trading in Japanese equities. The license should also pave the way for Instinet Fixed Income to begin trading Japanese Government Bonds to compete with Garban ETC and MTS Japan, two firms that also received approval

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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