Kloffe, HKSE Both Test DTB System For Planned Automated Trading

EXCHANGES

Kuala Lumpur Options & Financial Futures Exchange (Kloffe) and the Stock Exchange of Hong Kong, for its planned options trading, have both completed pilot tests of automated trading software that each has purchased from the Deutsche Terminborse. While the two exchanges have selected the same software and comparable implementation schedules, Kloffe--with the assistance of some 40 consultants from Andersen Consulting--has made considerably more modifications to the DTB system than has the Hong

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