For Toronto Stock Exchange, The Cats System Comes Back
EXCHANGES AND REGULATORS
The Toronto Stock Exchange (TSE) may have finally found the solution to the series of problems it has endured in its efforts to migrate to an automated trading floor. The Exchange is planning to replace its decades-old proprietary Canadian Automated Trading System (Cats) with a system developed by the Paris Bourse -- an exchange with which the TSE is also establishing a strategic relationship. Ironically, the Paris Bourse's trading system is based on Cats technology purchased by the French
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