Pacificex Cancels Options Trading System
EXCHANGE TECHNOLOGIES
SAN FRANCISCO--The Pacific Exchange (PCX) has canceled plans to use a screen-based options trading system by Computershare because of regulatory and political concerns. It has no plans to replace the system.
The exchange and the vendor entered into an agreement in July 2000 by which Computershare was to build an electronic options trading system based on its Automatic Securities Trading System (ASTS) blueprint for the exchange. The system was built and delivered in early 2001 and was to have gone
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