Instinet Buys Pieces Of Tradepoint & Hambrecht
ATS/ECN UPDATE
Instinet recently went public with a number of new initiatives. They include: a $20 million investment in WR Hambrecht + Co. and a deal to bring its Open IPO to Europe and Asia; purchasing a controlling interest in Tradepoint, the UK-based electronic exchange; launching Instinet in Australia; and announcing plans to provide retail customers access to its liquidity pool.
The efforts underline Instinet's aggressive move to widen and build its business. The latest initiatives, which have spilled out
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