The Montreal Exchange is upgrading its order routing and automatic execution systems and providing its specialists with workstations.
Montreal began the project, known as Financial Automated Securities Trading, in June 1987 and will complete the second phase by the end of the year.
The first phase of FAST was finished in April when the exchange cut over to a new version of its MORRE system, which runs on a VAX cluster. MORRE automatically executes orders of up to 2,099 shares at the best price
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