Instinet aims to cut transaction costs, boost liquidity in Asian markets

Instinet Corporation, a wholly-owned subsidiary of Reuters Group, is the world’s largest agency broker. In the past year, Instinet has raised its stock exchange memberships to three in the Asian time zone.  The company is beginning to introduce its full range of technology into the Hong Kong market, where the exchange’s new AMS/3 system now allows direct connections, and into Japan, where Instinet recently received a licence for its trading system.