Island Shareholders Approve Merger With Instinet

Island ECN today announced that its shareholders have voted to approve the proposed merger with Instinet Group Incorporated (Nasdaq: INET) at a special shareholders meeting held in New York City today. The merger received the necessary majority votes for approval with approximately 85% of the votes cast by Island shareholders in favor of the merger.

"Our shareholders enthusiastically support this combination, which brings together two superior trading platforms. We all look forward to creating the leading global electronic trading company. Together, we will improve customers' performance by applying innovative technology solutions to equity trading," said Ed Nicoll, Chairman of Island ECN.

Closing of the merger is expected within the coming weeks.