AMEX Automates Floor Book; Examines Simplex For Hawaii
THIS WEEK'S LEAD STORIES
Following the lead of the Toronto and New York stock exchanges in automating and expanding client interactions to combat sluggish trading, the American Stock Exchange has embarked on a pilot program to implement its first electronic equity order book, according to John Diesem, senior vice president of AMEX.
Meanwhile, the AMEX is also evaluating SIMPLEX, an enhanced electronic crossing network designed by Chris Keith, a former NYSE senior vice president (TST, April 23). According to sources, the
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