Instinet
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 over 1,500 institutional customers to trade securities in over 40 global markets.
Investopedia Commentary
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.
Related Links
Electronic Trading Tutorial
Brokers and Online Trading
See also: Broker, Broker-Dealer, Electronic Communication Network - ECN, Institutional Investor, Online Trading, Reuters, Trade, Wall Street