INGP Instinet Grp. Incorporated (MM)

ADP Offers INET as Execution Point NEW YORK, July 19 /PRNewswire-FirstCall/ -- ADP Brokerage Services Group, a division of Automatic Data Processing, Inc. (NYSE:ADP), announced today that it is offering its clients access to INET (Inet ATS, Inc.), a subsidiary of Instinet Group Incorporated (NASDAQ:INGP), and one of the largest electronic marketplaces for U.S. over-the-counter securities, as a new execution point on its order processing network. (Logo: http://www.newscom.com/cgi-bin/prnh/20021125/NYM018LOGO ) With the availability of the INET connection, clients can immediately begin their individual setup and testing process to establish INET as a destination on their ADP Order Routing networks. The addition of INET provides ADP's order processing clients with the ability to post their customers' limit orders in the marketplace that currently holds a 25 percent share of the total U.S. market in NASDAQ-listed equity trading.* "We believe ADP's clients stand to benefit enormously," said Alex Goor, President, Inet ATS, Inc. "By placing their limit orders on one of the largest electronic marketplaces, ADP's clients have the opportunity to fulfill their best execution requirements, while at the same time receiving rebates for trades that add liquidity to the marketplace." "As always, we strive to provide our clients with the best possible products and World Class service. By proactively expanding our network of execution points, we are giving our clients more options to meet their needs," said Marianne Brown, Senior Vice President and General Manager, ADP Brokerage Processing Services. About ADP Brokerage Services Group As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service. With more than $7 billion in annual revenues and 500,000 clients, ADP is one of the largest independent computing services firms in the world. For more information about ADP Brokerage Services Group, please visit our web site at http://www.bsg.adp.com/ and for other ADP services and investor information, please visit http://www.adp.com/. About INET INET, the Electronic Marketplace, provides its more than 800 U.S. broker-dealer subscribers access to one of the largest electronic marketplaces for U.S. over-the-counter securities, with approximately 25 percent of NASDAQ-listed equity trading.* Representing the consolidated order flow of the former Instinet ECN and former Island ECN, INET collects, prioritizes, displays and matches orders within its subscriber network and, through the use of advanced technology, offers routing services for its U.S.-registered broker-dealer subscribers. INET's trading platform is fast, anonymous, reliable and cost-efficient, designed for scalability in high-speed, high-volume electronic trading. Inet ATS, Inc. (branded as INET) is a subsidiary of Instinet Group Incorporated (NASDAQ:INGP), which is part of the Reuters family of companies. This news release is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. While Instinet Group believes the information contained herein is reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. These statements speak only as of this news release and Instinet undertakes no obligation to update publicly any of the information contained herein, in light of new information or future events. INET and the INET logo are service marks in the United States. Inet ATS, Inc., member NASD/NSX/SIPC, branded as INET, is a subsidiary of Instinet Group Incorporated. * For a description of how we calculate INET's share volumes, see "Management's Discussion and Analysis of Financial Condition and Results of Operations - Calculation of Volume - INET, the Electronic Marketplace" in our Form 10-Q for the fiscal quarter ended March 31, 2004 This news release may be deemed to include forward-looking statements relating to Instinet. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are included in the Instinet Annual Report Form 10-K dated for the period ended December 31, 2003 and other documents filed with the SEC and available on the Company's web site. Press Contacts: Mike West Dorothy Friedman ADP Brokerage Services Group ADP Brokerage Services Group +44 207 551 3224 (International) +1 212 918 6920 (U.S.) http://www.newscom.com/cgi-bin/prnh/20021125/NYM018LOGODATASOURCE: ADP Brokerage Services Group CONTACT: Mike West, +44-207-551-3224 (International), , or Dorothy Friedman, +1-212-918-6920 (U.S.), , both of ADP Brokerage Services Group Web site: http://www.bsg.adp.com/

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