Bombay Bourse Automates Trading, Local Developer May Market System
EXCHANGES
Bombay's stock exchange on March 15 automated trading in the first of a series of cutovers that are scheduled to make the bourse floorless within four months. The exchange's electronic trading system runs on a pair of Tandem Corp. K10000 Himalaya servers, Microsoft Corp. Windows-based PC terminals and software developed for the exchange by Indian computer firm CMC Ltd. The system also features a TCP/IP network designed to reduce users' need for new communications lines, which are practically
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