London Launches New Trading System, Survives Asian Turmoil And Computer Glitch
ORDER MANAGEMENT & ROUTING
There's nothing like a trial by fire to prove a new system's mettle, and the order-driven Stock Exchange Trading System, which was launched in London on October 20 to handle trading in shares of the FTSE 100, certainly got singed. But remarkably, the system survived intact and by most accounts seems prepared to handle half the trading volume in the FTSE 100 issues.
This has happened despite the crash in Hong Kong that sent markets around the globe reeling for the rest of October and through most
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