Smith New Court Selects Colt For Position-Keeping

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London-based market-maker Smith New Court PLC is installing Software Sciences Ltd.'s Continuous On-Line Trading International system to complement the information delivery system it introduced last year.

Smith New Court, the U.K.'s second-largest market-maker, plans to install COLT International at 350-400 dealer positions. Delivery will take place in two phases, starting with U.K. equities operations and followed by the firm's international trading room. The system will replace manual trading

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