NYSE Has Market Surveillance Prototype; Development Plans Call For Use Of Cray

THIS WEEK'S LEAD STORIES

There's a 24-inch satellite dish on the roof of the New York Stock Exchange, but it's not being used by any of the specialists or brokers inside. The PC Quote, Inc. satellite data feed terminates in a cluster of high performance workstations in the market surveillance section of the exchange.

The surveillance project using the feed is applying artificial intelligence techniques to search for "aberrational volatility behavior," says Jack Walsh, senior vice president at PC Quote.

NYSE sources

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