London Trading System Hits Snags, But Exchange Affirms Confidence
FRONT PAGE
Three months since the London Stock Exchange launched its electronic, order-driven Stock Exchange Trading Service, exchange officials are pronouncing themselves pleased in spite of some anecdotal reports that individual traders have experienced significant problems with the new system.
An exchange spokesman described the problems with SETS, as the service is commonly known, as being normal with any new, large-scale system and categorized them as "teething problems."
But while SETS's shortcomings
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