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Instinet Launches French eBrokerage Operation

by Carla Johnson, Investors Offshore.com

13 November 2001


Instinet Group Incorporated, the world's largest electronic agency securities broker, has announced the opening of the Instinet Fixed Income Europe's French broker desk. Based in Paris, the new broker desk aims to provide Instinet's clients with access to the French government bond market - one of Europe's core sovereign debt markets and ranked in the top three government bond markets alongside Germany and Italy.

In a statement released by Instinet this week, Tony Cooper, Head of Instinet Fixed Income Europe said: 'The French government bond market is one of the most important for European Fixed Income traders. By establishing a Paris desk we are demonstrating our firm commitment to this market and providing an even greater level of brokerage service and access to real liquidity for our European clients.'

Instinet has declared its French Fixed Income Europe team to be an integral part of its European brokerage service working alongside the London and Frankfurt desks. 'Establishing a French operation has always been part of our overall strategy and we are delighted to announce the opening of the French desk at this time,' added Mr Cooper.


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