Nasdaq to Buy Instinet Network for $934.5 Miliion

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The Nasdaq Stock Market Inc. is purchasing Instinet Group Inc.’s electronic trading network for $934.5 million, a move designed to improve Nasdaq’s position as competition grows among the world’s stock markets.


The announcement Friday came two days after the New York Stock Exchange said it would merge with Archipelago Holdings Inc., a move that boosts the NYSE’s electronic trading offerings and increases its competitiveness against Nasdaq and other markets. Instinet’s technology, meanwhile, gives Nasdaq an incremental increase in its own trading technologies.


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