Beacon Lights Up Boston Exchange; BSE Installs Automated Order-Routing Network

THIS WEEK'S LEAD STORIES

The Boston Stock Exchange is in the final stages of implementing its $3 million automated communications and order-routing network, known as BEACON.

The system, which was jointly developed by the BSE and Stratus Computer Inc., uses three fault-tolerant Stratus OLTP systems to process quote and trade information and to automatically execute and report trades.

BSE member firms can use BEACON to electronically route orders to the specialist for immediate execution or to a specified floor broker

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