West Germany To Provide Centralized Market Data And Trading
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West Germany is due to go live Dec. 1 with a market data delivery system that will eventually be enhanced to offer screen-based trading on a centralized stock exchange.
The launch of the system -- the Inter-Bank Information System -- will precede the startup of the Deutsche Terminboerse (DTB), an electronic futures and options exchange that will utilize software developed for the Swiss Options and Financial Futures Exchange.
Both ventures aim to boost West Germany's competitive position in the
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