Reuters Sells Bridge Trading to Instinet
VENDOR UPDATE
NEW YORK—Reuters reached an agreement with Instinet Group last week to sell Reuters’ Bridge Trading subsidiary for $21.5 million in Instinet shares.
The deal, which is still subject to approval by the National Association of Securities Dealers (NASD) and due diligence, is expected to close in approximately two months.
Bridge Trading Co. (BTC) is a soft-dollar execution broker that serves more than 500 institutional clients from across the U.S. from its headquarters in St. Louis, Mo. The firm also
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