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Instinet Group Incorporated

Details

Sector(s) | Subsector(s) Technology | Financial Technology
Investment Year 1999
Status Past | Acquired by The Nasdaq Stock Market, Inc.
Location New York, NY
Region North America

TA's original investment was in Island ECN, a pioneer in electronic marketplaces, which was the second Electronic Communication Network (ECN) to receive regulatory approval from the SEC.

Island ECN merged with Instinet Group in September 2002 and became one of the largest global electronic agency securities broker. In December 2005, the company was sold to The Nasdaq Stock Market Group, Inc.