Instinet Reorg In Asia Another Bumper Quarter
ATS/ECN UPDATE
Instinet just keeps racking it in (revenue there grew 23 per cent in the first quarter), but that hasn't precluded adjustments to its current organization. In fact, the company recently announced a major reorganization in its Asia/Pacific division, including a new CEO.
Analysts say the recent appointments reflect a ramping up of Instinet's efforts in that region following its successful push into Europe. Instinet reported 70 per cent revenue growth from activities outside the US last year, growth
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