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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