Instinet Likely To Delay Bond Platform Launch

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LONDON--The state-of-the-art fixed income transaction platform of Reuters Instinet is likely to launch sometime during the first quarter of next year rather than in a planned "soft launch" by the end of this year.

Although several firms have had the Instinet client front-end software installed, many sources say that the new platform has not yet gone live because of a lack of liquidity in the marketplace and Y2K code freezes. While the Instinet bond trading platform is in place in at least four

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