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THOMSON FINANCIAL SERVICES ACQUIRES INSTINET CORPORATION'S INSTANT LINK

 NEW YORK, Nov. 15 /PRNewswire/ -- Thomson Financial Services (TFS) today announced the acquisition of Instinet Corporation's INSTANT LINK electronic trade settlement system for an undisclosed sum.
 Under the terms of the agreement, effective immediately, Thomson will market, sell, and develop INSTANT LINK. Instinet will continue to be responsible for operations management.
 INSTANT LINK, introduced in 1987, is an electronic global trade confirmation and settlement system for fund managers, brokers, and custodians.
 "This acquisition is the first of several strategic initiatives positioning Thomson to provide broader capabilities to facilitate same- day settlement and clearing for cross border trading and brings the company one step closer to offering a paperless trading environment to the industry," said Dr. Keith Jarrett, president of Thomson's Trading Services Division. "Thomson is committed to INSTANT LINK and will invest substantially in the business by continuing to develop the product," he added.
 "The long-term collaborative effort we have established with Thomson assures ongoing operation efficiency and resource support for INSTANT LINK, enabling Instinet to continue to focus on its core business of equity execution," said Andy Baxter, Instinet's executive vice- president.
 Thomson Financial Services (TFS) is a leading provider of quality financial information, research, analysis, and software products to the global investment and corporate communities. Part of the Thomson Corporation, a $6 billion company based on Toronto, TFS employs over 2,600 people in more than 35 offices worldwide.
 Instinet Corporation, a subsidiary of Reuters Holdings PLC (NASDAQ: RTRSY), provides agency brokerage services to investment professionals, enabling them to devise trading strategies and execute electronically worldwide.
 -0- 11/15/93
 /CONTACT: Lynda Przedpelski of Thomson Financial Services (US), 617-345-2555; Denise Farrell of Thomson Financial Services (UK), 071-815-3728; Terrence Mulry of Instinet Corporation, 212-310-9554; or Richard Dukas of Kahn Communications Group, 212-889-0202/
 (RTRSY)


CO: Thomson Financial Services; Instinet Corporation; Reuters Holdings
 PLC ST: New York IN: FIN CPR SU: TNM


TW-DH -- NY035 -- 4301 11/15/93 10:06 EST
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Publication:PR Newswire
Date:Nov 15, 1993
Words:320
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