Parent company Instinet Group then amalgamated Island ECN and its own Instinet ECN into a new electronic marketplace called INET, the company announced in late 2003, shortly after a major fee reduction. Less than two years later the NASDAQ group announced it would buy the Instinet Group for an undisclosed sum and incorporate the INET ECN platform into its own. The recently established NASDAQ Options Market trades options electronically using an equities-trading system it acquired from INET.
- Instinet Acquires Island ECN. InternetNews.com.
- Island ECN (US). Advent International.
- Instinet ECN and Island ECN Lower Routing Prices for All Clients. Business Wire.
- NASDAQ's INET ACQUISITION CLEARS DOJ. NASDAQ.