TSE to wait until 2000 to convert trading system

Article Abstract:

The Toronto Stock Exchange (TSE) will postpone the full conversion of its computerized trading system to new system, and instead it will continue to employ the Computer Assisted Trading System, or CATS, until after Jan. 1, 2000. After Jan. 1, 2000, new state-of-the-art trading terminals and a new trading "engine" will be installed. The installation of the new trading technology was supposed to be finish in 1999. According to TSE President Rowland Fleming, the Torex technology is already partly in place in combination with the old CATS technology, adding the incorporated CATS/Torex technology is already fully year 2000 compliant.

Comment:

Ontario: The Toronto Stock Exchange will delay the full conversion of its computerized trading system to new tech after 1/1/2000

Securities and Commodity Exchanges, Securities Exchanges, Ontario, Exchanges, Article

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Smaller dealers also seek Merrill brokers

Article Abstract:

Small investment dealers are discussing potential employment with some of Merrill Lynch Canada Inc.'s stockbrokers after Merrill Lynch and Co. in New York declared plans to sell the Canadian retail brokerage. The company is offering a retention package and many Merrill brokers will not make a decision until they know who the buyer is.

United States, Canada, Personnel administration, Securities Brokerage, Stock Brokerage, Securities dealers, Human resource management, Stockbrokers, MER, Merrill Lynch Canada Inc., Merrill Lynch & Company Inc.

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Montreal Exchange set to go public

Article Abstract:

The plans of Montreal Exchange, which handles Canadian derivatives market operations, to go forward with an initial public offering are discussed. The market value of its shares is estimated to be around $480-million.

Sales & consumption, Management dynamics, Securities issued, listed, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Management, Securities, Going public (Securities), Initial public offerings, Company business management, Company securities, Company public offering, Company business planning, Market size, Montreal Exchange

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