European Electronic Exchanges To Link

THIS WEEK'S LEAD STORIES

The Swiss Options and Financial Futures Exchange (SOFFEX) and the Deutsche Terminborse (DTB) have begun informal talks on linking the two electronic exchanges. Trading began on the DTB on Jan. 26 using the same system that SOFFEX initiated trading on in May, 1988.

The software for the system, which is owned by SOFFEX, was designed by Arthur Andersen AG in 1987. The exchange ran smoothly for the first year, but as volume increased, so did its problems (TST, Sep. 25, 1989). Otto Nageli, director of

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