Limit Orders Go On-Line In AMEX Specialist Pilot

THIS WEEK'S LEAD STORIES

The American Stock Exchange is testing a personal computer that allows a specialist to electronically store and execute limit orders.

The first computerized order book went on-line August 11 at the post where Forest Laboratories' stock is traded by specialist Dennis Goin.

In addition to maintaining a fair and orderly market in his assigned stocks, a specialist is required to accept orders that cannot be filled immediately.

Specialists on the New York Stock Exchange write these limit orders down in

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