Instinet Adds Block Trading Platform, Sells Off ProTrader
CONNECTIVITY
NEW YORK—Instinet launched its intra-day cross (IDX) platform last week, adding to its existing suite of institutional block trading services.
IDX, which is similar to Instinet's end-of-day cross (EDX) and continuous block crossing (CBX) services, offers a venue for the execution of large block trades in an entirely anonymous fashion.
Unlike EDX, which allows for crossing to take place at close, IDX will allow trades to be crossed at three intervals during market hours: 9:50 a.m., 11:50 a.m. and
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