Inet
Encyclopedia
Inet, previously known as Island ECN, was an electronic trading platform
. It was renamed to Inet after the Island Exchange
was merged with Instinet
in 2002. It was acquired by NASDAQ
in 2005.
Electronic trading platform
In finance, an Electronic trading platform is a computer system that can be used to place orders for financial products over a network with a financial intermediary. This includes products such as shares, bonds, currencies, commodities and derivatives with a financial intermediary, such as a...
. It was renamed to Inet after the Island Exchange
Island Exchange
Island Exchange, abbreviated ISLD, was an electronic securities exchange, now part of NASDAQ. Island changed its name to Inet ATS, Inc. effective November 17, 2003....
was merged with Instinet
Instinet
Instinet is an institutional, agency-only broker. As such, it executes trades for roughly 1,500 “buyside” clients such as asset management firms, hedge funds, insurance companies, mutual funds and pension funds...
in 2002. It was acquired by NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
in 2005.