BNET Industries
Last Fiscal Year Sales:$299.9M
- Private
- US
Dow Jones Description
On December 8, 2005, The Nasdaq Stock Market, Inc. announced that it has completed its acquisition of INET. The INET acquisition accelerates NASDAQ's growth initiatives in both NASDAQ- and exchange-listed trading and complements NASDAQ's strategy to provide a low-cost and more efficient trading environment. The INET integration will mean further improvements to NASDAQ's first-rate platform. A faster, more efficient trading platform and increased liquidity pools will provide INET subscribers a better trading environment. INET offers U.S. broker-dealers access to one of the most robust liquidity pools in NASDAQ equities, substantial liquidity in U.S. exchange-listed securities, and routing access to other major U.S. trading venues. Our trading platform is fast, anonymous, reliable and cost-efficient, designed for scalability in high-speed, high-volume electronic trading. NASDAQ chose INET for integration given that the two platforms embody the same characteristics.
Director
Glenn H. HutchinsNumber of Employees 100
Peer Companies
NAICS Code Securities Brokerage: 523120
News & Analysis
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island ecn - All News and Analysis
Ballista Adds ISE and Island ECN Veteran to Executive Management Team
- 2008-05-20
Richard P. Wilkins Named Executive Vice President of Sales NEW YORK -- Ballista, the first ever equity options liquidity pool for block trades and delta neutral/complex transactions, announced today the hiring of Richard P. Wilkins as Executive Vice President of Sales. In this role, Wilkins will be responsible for...
Cubes and the individual investor
- 2004-07-01
AbstractWe investigate issues of importance to individual investors concerning Cubes, the NASDAQ-100 Index Tracking Stock, individual investors are the major long-term holders of Cubes and they hold and trade proportionately more Cubes than Standard & Poors Depository Receipts. Nevertheless, individuals account for less than 50% of the daily trading volume...
Instinet Announces Fourth Quarter and 2002 Results
- 2003-02-11
Business Editors
ArcaEx Becomes EFT Electronic Strongman
- 2002-11-01
ArcaEx is up now that Island is down. The new electronic stock exchange has doubled its share of the market in the most heavily-traded ETFs since its rebellious competitor "went dark." A good chunk of the volume in the exchange-traded funds, known as the QQQs, SPDRs and Diamonds, has...
ArcaEx Becomes EFT Electronic Strongman.(Brief Article)
- 2002-11-01
ArcaEx is up now that Island is down. The new electronic stock exchange has doubled its share of the market in the most heavily-traded ETFs since its rebellious competitor "went dark." A good chunk of the volume in the exchange-traded funds, known as the...
Island Shareholders Approve Merger With Instinet
- 2002-09-10
Business Editors
A Speedy New Execution Player? Sonic Trading Is Ready for a Dog Eat Dog World
- 2002-09-01
Another direct access firm is courting the pros. Sonic Trading Management is launching a new division called Sonic Financial Technologies. It will house its growing business servicing institutional traders on both the sellside and the buyside. The vendor's selling point is speedy Nasdaq and listed stock executions via its trademarked...
A Speedy New Execution Player? Sonic Trading Is Ready for a Dog Eat Dog World.
- 2002-09-01
Another direct access firm is courting the pros. Sonic Trading Management is launching a new division called Sonic Financial Technologies. It will house its growing business servicing institutional traders on both the sellside and the buyside. The vendor's selling point is speedy Nasdaq...
Reuters expands Instinet with Island buy
- 2002-06-11
INSTINET, the electronic brokerage majority owned by Reuters, doubled its share of Nasdaq stock trading volumes yesterday with the acquisition of its biggest rival. The company, currently 83 per cent owned by Reuters, will also pay a special dividend of $1 a share to existing investors, providing...
Instinet To Acquire Island ECN.
- 2002-06-10
NEW YORK, NEW YORK, Jun 10, 2002 Instinet Group Incorporated (Nasdaq: INET) has entered into a definitive agreement to acquire Island ECN in an all-stock transaction. This combination will create a leading global electronic trading platform, offering professional investors and traders access...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Glenn H. Hutchins | Director |
| Organization | Position | Status |
|---|---|---|
| Silver Lake | Co-Chief Executive | Current |
| Silver Lake Partners | Co-Founder & Co-Chief Executive | Current |
| The Lawrenceville School | Trustee | Current |
| The Brookings Institution | Trustee | Current |
| New York Presbyterian Hospital | Trustee | Current |
| The Toronto-Dominion Bank | Current | |
| Film Technologies International Incorporated | Chairman | Current |
| SunGard | Chairman | Current |
| Sungard Capital Corp. | Chairman of The Board | Current |
| Datek Online Holdings Corp | Director | Current |
| Harvard Management Company | Director | Current |
| Instinet, LLC | Director | Current |
| NASDAQ OMX Group, Inc. | Board of Directors | Current |
| Sungard Capital Corp. | Board of Directors | Current |
| The Lawrenceville School | Board of Directors | Current |
| Seagate Technology, Inc. | Director | Current |
| Island Ecn | Director | Current |
| TD Ameritrade Holding Corporation | Director | Current |
| The Blackstone Group L.P. | Senior Managing Director | Former |
| Thomas H. Lee Partners, LP | Managing Director | Former |
| Silver Lake | Co-Founder | Former |
| The Blackstone Group L.P. | general partner | Former |
| Blackstone Group | General Partner | Former |
| Silver Lake Partners | principal | Former |
| Gartner, Inc. | Director | Former |
| Harvard Law School | J.D | Former |
| Harvard Business School | M.B.A | Former |
| Harvard College | A.B | Former |
Executive News
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The Quebec City Conference Previews This Year's Conference Agenda
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Glass Door
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| Wells Fargo |  |
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