Business Services Industry
Instinet entices local exchanges; Broker would be good fit for Archipelago, Merc.(Markets)
Crain's Chicago Business, March, 2005 by RYAN, KATE
Byline: KATE RYAN Electronic stock broker Instinet Group Inc. is for sale by parent Reuters Group plc, and two Chicago exchanges are among the potential bidders. Winning Instinet would be a nice diversification move for the Chicago Mercantile Exchange, but for Archipelago Holdings Inc. it could be crucial to survival.
While both firms are known to be interested in acquisitions, neither would confirm a bid is in play. Nasdaq Stock Market Inc. has put in a bid for Instinet, according to Crain's New York Business. If Nasdaq wins, Archipelago could watch its rival's marketshare double overnight. "That would be an unbelievable first-place lead,'' says analyst Jodi Burns at research firm Celent Communications in New York. "In terms of the battle between...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by the Premiere Rewards Gold Card from American Express