SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

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                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15 (d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of report (Date of earliest event reported): April 18, 2002

                           Instinet Group Incorporated
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               (Exact Name of Registrant as Specified in Charter)

          Delaware                   000-32717               13-4134098
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(State or Other Jurisdiction     (Commission File           (IRS Employer
      of Incorporation)               Number)            Identification No.)

  3 Times Square, New York, New York                           10036
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(Address of Principal Executive Offices)                     (Zip Code)

        Registrant's telephone number, including area code: 212-310-9500

                                 Not Applicable
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          (Former Name or Former Address, if Changed Since Last Report)



Item 5.  Other Events

On April 18, 2002, Instinet Group Incorporated (the "Company") issued a press
release announcing the Company's first quarter 2002 results. The press release
is filed as Exhibit 99.1 hereto and incorporated herein by reference.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

(c) Exhibits

         Number   Description

         99.1     News Release of Instinet Group Incorporated issued April 18,
                  2002: Instinet Announces First Quarter 2002 Results.



                                   Signatures


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.

                                    INSTINET GROUP INCORPORATED
                                              Registrant



Date: April 21, 2002
                                          By: /s/ Mark Nienstedt
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                                          Mark Nienstedt
                                          Acting President and Chief
                                          Executive Officer, and Chief
                                          Financial Officer, and Director