A registered securities exchange in the form of an electronic network that links subscribers who wish to display bid and ask quotations for equity and debt securities. Instinet also offers research and clearing and settlement services. The firm was founded in 1969 and was acquired by Reuters Holdings in 1987.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.