View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 31, 2005

Instinet Group completes Bridge Trading purchase

Instinet Group, an electronic agency brokerage, has completed its acquisition of agency execution broker Bridge Trading Company from Reuters for $21.5 million in shares of INGP stock.

By CBR Staff Writer

St. Louis, Missouri-based Bridge Trading has received regulatory approval and the transaction, according to Instinet, is expected to be accretive to its shareholders in the first year.

Instinet said it hopes to use the company to grow its client base, increase exchange-listed trading volume and expand its offerings to the institutional investor community. Bridge Trading, meanwhile, plans to offer Instinet’s services, including its trading technology and front-ends, to its US institutional clients.

Bridge Trading will operate as an independent broker-dealer and retain its name for a transitional period.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.