Nasdaq Hires MCI To Double Capacity And Speed In Anticipation Of Greater Volumes
NETWORKS & INFRASTRUCTURE
NEW YORK--Nasdaq has extended its three-year contract with MCI for another six years and more than tripled the annual value of it as part of an effort to accommodate a trading volume of 8 billion shares a day by the year 2003.
The system's capacity is currently 1.5 billion shares, a volume it approached on Tuesday, October 28, when a record of almost 1.4 billion shares changed hands.
The upgrade will proceed in increments. Modifications to Nasdaq's existing network software will be made through
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