17 August 2017
visit www.avoka.com

Instinet wins Arizona Stock Exchange clearing business

09 November 2000  |  2427 views  |  0 Instinet wins Arizona Stock Exchange clearing business

Reuters' automated trading subsidiary Instinet has signed a contract to provide trade execution, clearing and settlement services to electronic auction market, The Arizona Stock Exchange.

Under the agreement, a trade sent to Instinet from any of AZX's five daily, time-specific auctions will be executed through Instinet Crossing.

Steve Wunsch, president and CEO, Arizona Stock Exchange, says: "Institutions need an alternative to today's continuous trading environment and therefore, AZX and Instinet Crossing are committed to the advancement and development of call market alternatives for investors."

Instinet Crossing, originally known as The Crossing Network, was created in 1986 to provide investors with point-in-time electronic trading capabilities to supplement Instinet's real-time electronic trading.

Trade clearing and settlement for AZX will be conducted via Instinet Clearing Services.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Reuters to float Instinet stake

Reuters to float Instinet stake

20 October 2000  |  2972 views  |  0 comments
Instinet cuts market data deal with 3DStockCharts.com

Instinet cuts market data deal with 3DStockCharts.com

27 September 2000  |  2553 views  |  0 comments
Instinet and Japan Bond Trading to build global network

Instinet and Japan Bond Trading to build global network

22 September 2000  |  2812 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Who is commenting?

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10504 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9907 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9860 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8222 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7687 views 0 | 1 tweets | 8 linkedin