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definition of instinet
Posted 23 May, 2009 by Ralph Gill from Hassandear Currency Master, although i've paid my share of carry trading, but i have a question about a term that i can't grasp: what does instinet mean?Currency Master Answers:that's an important term to conceive, Ralph. Instinet is An electronic securities order matching (trading) and information system that allows members (primarily professional traders and investors) to display bid and offer quotes for stocks, and to transact between themselves using brokers. As a global securities broker, Instinet enables more than 1,500 institutional customers to trade securities in more than 40 global markets. Instinet (Nasdaq: INET) is Wall Street's oldest and largest electronic communications network (ECN), and since it was acquired by Reuters Group (Nasdaq: RTRSY) in 1987, it and other ECNs have evolved into major threats to the established stock exchanges.Go to FOREXYARD
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