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INSTINET ACQUIRES BZW'S THAMESWAY UNIT

 /Repeating to correct garble throughout release/
 LONDON, Nov. 17 /PRNewswire/ -- Instinet Corporation, the electronic brokerage subsidiary of Reuters Holdings PLC (NASDAQ: RTRSY), and Barclays de Zoete Wedd (BZW), the investment banking division of Barclays Group, today announced that Instinet has acquired BZW's Thamesway Investment Services Limited brokerage unit.
 Instinet announced the signing of a letter of intent for this acquisition on Aug. 5, 1993.
 The consideration paid and the assets acquired are not material in the context of Reuters assets.
 Thamesway, an institutional broker, provides its clients with global cross-border equity transaction services, and investment products such as research and information from other organizations.
 Instinet, a registered U.S. and U.K. based broker, provides sophisticated electronic trading strategies to the world's leading investment professionals.
 -0- 11/17/93 R
 /CONTACT: Matthew Baxter, executive vice president of Instinet Corporation, 212-310-9519; or Robert Crooke, director - media relations of Reuters America Inc., 212-603-3587/
 (RTRSY)


CO: Instinet Corporation ST: New York IN: FIN SU: TNM

GK -- NY002R -- 5402 11/17/93 10:56 EST
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Publication:PR Newswire
Date:Nov 17, 1993
Words:171
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