Island Deal Would Push Instinet Upgrade
TRANSACTION SYSTEMS
LONDON--The widely rumored tie-up between Instinet and Island ECNs would give Instinet the impetus it needs to upgrade its equities trading platform technology, parts of which are almost 20 years old, says a former Instinet employee.
Instinet is said to be talking to Island, for the second time in around two years, about taking over its rival ECN.
"This would force Instinet to revamp its technology. I don’t think they could use what they’ve got," says a source who used to work at Instinet. He
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