| Business Summary | | Instinet
Group
Inc.
is
an
electronic
agency
securities
broker
that
has
been
providing
investors
with
electronic
trading
solutions
for
more
than
30
years.
The
Company
operates
an
e-financial
marketplace
where
buyers
and
sellers
worldwide
can
trade
securities
directly
and
anonymously
with
each
other,
gain
price
improvement
for
their
trades
and
lower
their
overall
trading
costs.
Through
the
Company's
electronic
platforms,
its
customers
also
can
access
40
securities
markets
throughout
the
world,
including
Nasdaq,
the
NYSE
and
stock
exchanges
in
Frankfurt,
Hong
Kong,
London,
Paris,
Sydney,
Tokyo,
Toronto
and
Zurich.
The
Company
also
provides
its
customers
with
access
to
research
generated
by
the
Company
and
by
third
parties,
as
well
as
various
informational
and
decision-making
tools.
Instinet's
customers
consist
of
institutional
investors,
such
as
mutual
funds,
pension
funds,
insurance
companies
and
hedge
funds,
as
well
as
broker-dealers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Instinet
Group,
a
subidiary
of
Reuters,
provides
agency
and
other
brokerage
services
to
broker-dealers
and
institutional
customers
through
Instinet
Global
Holdings,
Inc.
and
its
other
operating
subsidiaries.
For
the
six
months
ended
6/30/01,
total
revenues
rose
19%
to
$825.7
million.
Net
income
rose
14%
to
$90.8
million.
Results
reflect
higher
trading
volumes
domestically
and
internationally,
partially
offset
by
increased
compensation,
benefits
and
commissions
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Andre Villeneuve, 56 Chairman | -- | Douglas Atkin, 38 Pres,
CEO, Director | $2.0M | Mark Nienstedt, 51 CFO,
Exec. VP, Director | 1.2M | Kenneth Marshall, 59 COO,
Exec. VP | 1.1M | Jean-Marc Bouhelier, 36 Exec.
VP -- U.S. Institutional and Professional Bus., Technology and Global Prod | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|