Proposed ISE Clearing House Would Take On Taurus, Talisman

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The International (London) Stock Exchange intends for its TALISMAN clearing system and TAURUS settlement system to be used by the jointly-owned clearing house it proposed earlier this month. The proposed clearing company's adoption of the as-yet unreleased TAURUS would bring paperless settlement and share registration to the London market.

In soliciting joint owners for the new company, the ISE expects to sign up a variety of investors including securities firms, commercial banks, registrars and

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