COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: jhild who wrote (16893)	8/3/1998 11:25:00 AM
From: Moonray	Read Replies (4) of 22053

Instinet to Expand Services to Individuals, New York Post Says New York, Aug. 3 (Bloomberg) -- Instinet Corp, the nation's largest private trading system, is planning to expand its services to individual investors, the New York Post reported. While Instinet, which is owned by Reuters Holdings Plc, is now available just to professional money managers through the company's terminals, it's considering going on the Internet and competing with discount brokers. The move would be a first for Reuters, which gets 12 percent of its revenue from Instinet, since it never before offered services to individual investors, the paper said. The Securities and Exchange Commission last month said it may withdraw some regulatory protection from Instinet if it doesn't adequately increase its trading capacity by Aug. 30, since capacity limitations has caused the company numerous system outages, including five in April alone. (NY Post p24 8/3 www.nypost.com) o~~~ O

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