Instinet Policy Change Aimed At Broker-Dealers
THIS WEEK'S LEAD STORIES
Reuters Holdings PLC unit Instinet Inc., itself an alternative to trading on established exchanges, is moving to consolidate its electronic beachhead in the markets for listed and over-the-counter securities. In an effort to shift more telephone-based trading onto the system, Instinet will no longer give up counterparty identity for trades between broker-dealers.
The change is intended to prevent brokers from using Instinet as a "discovery mechanism," according to Instinet executive vice
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