LIFFE's Apt Trading Systems Slated To Go Live In 1989
THIS WEEK'S LEAD STORIES
The London International Financial Futures Exchange's Automated Pit Trading System (APT), now being demonstrated to exchange members, will go live in the fourth quarter of 1989.
Like the Chicago Board of Trade's recently introduced Aurora, APT simulates the look of a pit, with identifiable user icons displayed along with their quantity. But traders can't choose their counterparties. Instead, APT distributes trade volume equally over every trader at the best price.
APT's systems architecture shifts
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