INGP Instinet Grp. Incorporated (MM)

Thomson Financial and Instinet Announce Availability of Instinet Algorithms Via the AutEx Order Routing Network NEW YORK, June 27 /PRNewswire-FirstCall/ -- Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) and leading provider of information and technology solutions to the worldwide financial community, today announced that it will make Instinet's Algorithmic Trading Strategies accessible via the Thomson AutEx Order Routing global network. Instinet Algorithms enable clients to select and use those rules which meet their specific requirements and benchmarks, such as VWAP, Block Peg(SM) and Volume Participation. Moreover, Instinet's clients can employ these rules without ever having to worry about information leakage. "Thomson AutEx provides connectivity and liquidity across the global trading community giving brokers and institutions access to a breadth of execution venues and advanced execution algorithms," said Robert Moitoso, senior vice president and head of AutEx, Thomson Financial. "We are pleased to offer our clients access to even more options via Instinet. AutEx continues to be successful in leveraging its historical strengths and providing innovative technology solutions to both the buy-side and sell-side institutional investor communities." "Our relationship with Thomson AutEx will make it that much easier for the institutional investment community to access our global algorithmic trading services," said Steve Brain, SVP of Global Systematic Trading, Instinet, LLC. "As an agency broker, free from the conflicts of interest that are inherent to traditional brokers, we are able to offer algorithmic strategies that seek to minimize market impact and help our clients meet their trading benchmarks." Thomson AutEx Order Routing is one of a suite of AutEx products used by trading partners to identify market liquidity and place orders. AutEx facilitates the high-speed transfer of multiple FIX compliant message types over a concentrated global network. Access to the AutEx Network and services is provided via a single connection. Thomson AutEx is the industry's leading online real-time network and database for block order indications and trade advertisements. The AutEx community consists of traders at institutional and domestic institutions, broker dealers, exchanges, ECNs and ATSs, either connecting directly to AutEx, or through service bureaus or order management systems. Over 800 of the world's leading brokers and institutions rely on AutEx to access global pools of liquidity, and every day, one million messages are transmitted on the system between buyers and sellers. About Instinet Instinet, the global institutional agency broker, gives its customers the opportunity to use its sales-trading expertise and advanced technology tools to interact with global securities markets, improve trading and investment performance and lower overall trading costs. Through Instinet's electronic platforms, customers can access other U.S. trading venues, including NASDAQ and the NYSE, and almost 30 securities markets throughout the world. Instinet acts solely as an agent for its customers, including institutional investors, such as mutual funds, pension funds, insurance companies and hedge funds. Instinet, LLC is a subsidiary of Instinet Group Incorporated (NASDAQ:INGP) which is part of the Reuters family of companies. About Thomson Financial Thomson Financial is a US$1.73 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (http://www.thomson.com/), a global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With revenues of US$8.10 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC.) DATASOURCE: Thomson Financial CONTACT: Kerri Shepard, Manager, Public Relations at Thomas Financial, +1-646-822-2077, Web site: http://www.thomsonfinancial.com/

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