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Nasdaq Acquires Electronic Trading Firm

NPR | By Jim Zarroli
Published April 21, 2005 at 10:00 PM MDT

The Nasdaq securities exchange announces it will acquire the firm Instinet, which owns an important electronic trading system. The deal is valued at more than $1.8 billion, and follows the New York Stock Exchange's merger with an electronic trading firm.

Copyright 2005 NPR
NPR News
Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.