Instinet Keeps Controversial Tool
TRADING FLOOR TECHNOLOGIES
NEW YORK--An internal application that allows Instinet sales traders to observe client activity will continue serving the brokerage side of Instinet’s business when it splits from the ECN business as part of a reorganization announced in July, confirm officials who spoke exclusively to TTW last week.
Former Instinet employees say the Trade Support Terminal (TST) application enables traders to "spy" on customer activity. Instinet officials dispute this, saying TST is a competitive advantage that
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