Article: American Stock Exchange and Infosys Develop Trade Comparison System; Amex Goes Live with New System for Equity Trades.

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 ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!