Centralized German Exchange To Compete With Paris, London

THIS WEEK'S LEAD STORIES

West Germany is gearing up for the launch of a market data delivery system that will eventually be enhanced to offer screen-based trading on a centralized stock exchange.

The system -- the Inter-Bank Information System -- is due to go live Dec. 1, ahead of the launch of the Deutsche Terminboerse (DTB), an electronic futures and options exchange that will utilize software developed for the Swiss Options and Financial Futures Exchange. The DTB is slated for a Jan. 26 startup. IBIS is expected to

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