Toronto Exchange Re-Thinks Electronic System Technology
EXCHANGES AND REGULATORS
All is not well with the Toronto Stock Exchange (TSE). After years of hype, the TSE's new president Rowland Fleming pulled the plug -- temporarily -- on the exchange's plans to eliminate its trading floor in favor of an all-electronic system. The exchange blames "unexpected obstacles" in the project's technology development for the postponement -- a delay which has left the technology plans for the electronic system in disarray.
The TSE's chairman of the board Fred Ketchen says that the project
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