, the institutionally-based stock-trading network, announced plans
earlier in the year to launch a brokerage for retail investors. As part of the retail push, the "electronic communications network" or ECN is developing a mutual fund marketplace, according to an official close to the story.
Instinet, a subsidiary of Reuters Group
, has hired John Vrettos
, the former managing director, strategic planning for the National Securities Clearing Corporation
(NSCC) to develop the new platform. Instinet spokespeople would not comment on specific mutual fund trading plans.
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