just this AM at 10:01 Eastern from the Instinet site:
"Message to Instinet Customers
October 1, 2002
Temporary Trading Suspensions
At the end of September, Instinet has triggered volume thresholds in SPY and certain other small-cap listed securities that subject Instinet to regulatory requirements regarding public display and access. We had hoped to find a workable solution that would enable us to continue trading as normal while we come into compliance with these requirements, but we learned late yesterday that this would not be possible. Therefore, Instin et will temporarily suspend trading in these securities as of today.
We will continue to work towards a solution that satisfies the needs of our customers within the parameters of the current regulatory framework and we will communicate more when we have additional information. If you have any questions, please call your Instinet representative."
"Message to Instinet Customers
October 1, 2002
Temporary Trading Suspensions
At the end of September, Instinet has triggered volume thresholds in SPY and certain other small-cap listed securities that subject Instinet to regulatory requirements regarding public display and access. We had hoped to find a workable solution that would enable us to continue trading as normal while we come into compliance with these requirements, but we learned late yesterday that this would not be possible. Therefore, Instin et will temporarily suspend trading in these securities as of today.
We will continue to work towards a solution that satisfies the needs of our customers within the parameters of the current regulatory framework and we will communicate more when we have additional information. If you have any questions, please call your Instinet representative."
