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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JeffA who wrote (36349)	5/5/1999 8:56:00 AM
From: Neil H	Respond to of 90042

Instinet Plans to Broaden Trading In Off Hours for 'Retail' Investors By GREG IP Staff Reporter of THE WALL STREET JOURNAL Small investors have been hearing about trading on Instinet for years. It might not be long before they, too, can play with the big boys. Instinet Corp., the dominant player in institutional trading of Nasdaq Stock Market stocks, and publicly best-known for its "after-hours" trading for institutions, is looking to tap indirectly into the booming business of individual online trading, during and outside regular market hours. "We're interested in partnering with any e-broker that wants the best execution," Doug Atkin, chief executive officer of Instinet, said in an interview. "We are basically saying if you want best execution during the day and after-hours, you should come to Instinet." The small, or "retail," investors would not access Instinet directly. Rather, they would send their orders via subscribing brokers, including online brokers, who would then automatically route them to Instinet. Retail investors would continue to pay commissions to their own brokers.