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To: TFF who wrote (11440)	11/23/2004 7:03:13 PM
From: TFF	of 12617

CME interested in acquiring Instinet By Jeremy Grant Published: November 23 2004 02:00 \| Last updated: November 23 2004 02:00 The Chicago Mercantile Exchange is interested in acquiring Instinet Group, an electronic brokerage owned by Reuters. The UK financial information group last week confirmed that it was reconsidering its long-term ownership of a controlling stake in Instinet, which accounts for about a quarter of trading in Nasdaq stocks. The CME declined to comment, but is understood to be interested in a possible purchase because it would help it diversify beyond the futures business. Some analysts see other candidates as more likely, such as a large broker-dealer, or the trading arms of some Wall Street banks, as well as the Archipelago stock exchange and the New York Stock Exchange. Reuters owns 61 per cent of Instinet, which had net income of $7.7m in the third quarter, on revenues of $261m. Jeremy Grant, Chicago and Tim Burt, London

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