Cincinnati Stock Exchange Has Starring Role In Electronic Order-Routing, Trading System

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It's been nearly 20 years since anybody at the New York Stock Exchange thought much about competition from the Cincinnati Stock Exchange. But Big Board officials may have to think twice following the recent announcement by Reuters Holdings PLC and its Instinet Corp. subsidiary that they plan to develop an electronic network with the Chicago Board Options Exchange and the CSE.

When the Cincinnati pioneered computerized securities trading in 1974, the words "black box" struck fear into the hearts

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