|
|
Article: American Stock Exchange and Infosys Develop Trade Comparison System; Amex Goes Live with New System for Equity Trades.
- Article from:
- Business Wire
- Article date:
- October 30, 2002
|
Copyright informationCOPYRIGHT 2002 Business Wire. 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)
|
Business Editors
FREMONT, Calif.--(BUSINESS WIRE)--Oct. 30, 2002
Infosys Technologies Ltd. (Nasdaq:INFY) announced today that it has built a new intra-day comparison system for equities (IDCE) for the American Stock Exchange(R) (Amex(R)). The comparison system will be a core component of the Amex's technology platform and will be crucial for matching and settlement of the day's stock trades.
"IDCE is a great operational improvement for the Amex and our customers. The new system allows us to match trades during the day and transmit compared trades on a real time basis," said Ralph Rafaniello, executive vice president of Amex floor market operations. "This system ...