Instinet Faces Rocky Times: An Executive Departure Highlights Woes
Traders Magazine, April 2002
Whither Instinet? The prob lems of this ECN are about the same as those other alternative trading systems are facing these days: low trading volumes, declining profit margins, a stock market that has turned sour on the once strong stock and a new trading platform that many ECN officials fear will hurt them. "They're in a tough spot. There's no doubt about that," according to Adam Townsend, a securities industry analyst with J.P. Morgan.
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