John D'Antona Jr.
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December 1, 2001

Instinet Allows in The Competition Intermediaries Acceptable at Venerable ATS

By Peter Chapman

Whether or not a deal with SunGard emerges, the trend is clear. The Instinet application is going the way of the DOT box. "At the end of the day, we want to make it easier for each of our clients to trade with Instinet," Bouhelier said.

Basket Trading Booms

Basket trading is booming and Instinet wants a piece of it. Early next year, Instinet will debut a system intended for its basket-trading customers - index managers and other quants. The system will replace the traditional Instinet platform on customers' desktops and allow them to "trade strategies on a global basis," according to Jean-March Bouhelier, executive vice president in charge of technology and product development at Instinet. Instinet is wading into an increasingly crowded field. FlexTrade, Bloomberg, Spear, Leeds & Kellogg, ITG and others all have systems on the market.

Chapman Named Technology Editor

Peter Chapman was promoted to technology editor at Traders Magazine. Chapman, who joined the magazine as a reporter in June 1999, will continue to specialize in institutional equity trading technology, follow the trends and spotlight the products in the vendor community. He will also continue to follow other non-technology topics. Chapman has played a vital role in expanding technology coverage at the magazine. As technology editor, Chapman will help formulate editorial policy on trading technology and pursue other opportunities in this area.