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Article: Computershare and Pacific Exchange to Develop Electronic Options Trading System.
- Article from:
- PR Newswire
- Article date:
- July 20, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO, July 19 /PRNewswire/ --
Computershare and the Pacific Exchange (PCX) today announced an agreement to develop an electronic, screen-based trading system for equity options and other derivatives. The new system is expected to be launched in the first half of 2001.
"Advanced technology is critical to any exchange operating in an increasingly competitive environment," said Philip D. DeFeo, PCX Chairman and CEO. "The systems in use on our trading floor today serve us well, but a screen-based system will be a valuable addition to our product offerings. We intend to lead the markets in that direction."
Computershare Managing Director ...