Toronto Stock Exchange Looks To Paris For Trading System

EXCHANGES & REGULATORS

As expected, the Toronto Stock Exchange signed a deal with the Paris Bourse to end its long and frustrating efforts to migrate to an automated trading floor. The exchange is replacing its 20-year old Canadian Automated Trading System (Cats) with equities trading technology developed by the Paris Bourse. Ironically, the Paris Bourse's trading system is based on Cats technology purchased by the Paris exchange from the TSE a number of years ago.

The transaction--which cost the TSE some $1.5 million

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