BRIEF OBJECTS

BRIEF OBJECTS

NOREX DRESSES FOR SAXESS

The Copenhagen Stock Exchange has announced that the Norex alliance of Nordic exchanges is planning the release of version 4.0 of its common trading system, Saxess, developed by Swedish exchange technology firm OM. The release will be in production in the second quarter of next year. The exchanges plan to have a more solid timetable by the summer, and to hold a meeting in September or October 2002 to outline the new functionalities and changes.

REFCO TAKES COGNOTEC

Refco

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