Instinet (Institutional Networks Corporation)
Definition: [crh] Computerized subscriber service that serves as a vehicle for the fourth market. "Instinet" is registered with the Definition: F="/?rd=SEC">SEC. As a stock exchange it numbers among its subscribers a large number of mutual funds and other institutional investors linked to each other by computer terminals. The system permits subscribers to display bids and offers<Definition: /A> (which are exposed system wide for whatever length of time the initiating party specifies) and to consummate trades electronically. Instinet is largely used by marketDefinition: makers, but, nonmarket makers and customers have equal access.
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