Consolidate Trading Systems At Toronto, London Exchanges

THIS WEEK'S LEAD STORIES

In independent efforts, the International (London) Stock Exchange and the Toronto Stock Exchange are both gearing up to consolidate their trading systems architectures. Both exchanges believe that in the long run it will be easier and probably cheaper to maintain a single unified system, rather than several disparate ones. The Toronto exchange also hopes the move will help it handle greater trading volume, which it aims to induce by opening its order book to the public (TST, Sept. 25, 1989).

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