Move To New System To Increase Data Flow On FTSE 100 Stocks

EXCHANGES

The London Stock Exchange has announced plans to change its most active, so-called FTSE 100 stocks from a quote-driven to an automated order book by October 20, 1997, and to begin testing the order book in six weeks. The change will greatly increase the amount of data traffic for those stocks, and will alter the look and functionality of end-user screens.

After the October cutover, the exchange will consider expanding beyond the FTSE 100, although it will likely not bring an automated order book

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