Andrew Banhidi, chief technology officer of Instinet Group, the institutional broker, is to leave the company to "pursue other interests". He will be replaced by Michael Bundy, a former senior manager at ETrade Financial.

Banhidi is credited with leading Instinet's efforts to develop technology, modernise operations, and develop a more efficient electronic marketplace.

Carrie Ann Wharton

ETrade Financial

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Chief technology officer exits Instinet

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