Friday, April 22, 2005

Nasdaq finalizes acquisition of Instinet

The market consolidation continues with the Nasdaq and Instinet finalizing their widely rumored deal on the heels of the NYSE Archipelago deal.

From Reuters (the previous majority owner of Instinet):
" As a condition of the deal, Reuters will sell Instinet's electronic trading network to Nasdaq."

Latest News and Financial Information | Reuters.com

From Bloomberg:

" Chicago-based Archipelago,

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