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Strategies & Market Trends : Canadian Options

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To: Sleeperz who wrote (992)	4/28/1998 3:18:00 AM
From: Sleeperz	of 1598

IBM (IBM - news) won a contract to implement a global currency settlement system for foreign exchange clearing body CLS Services (CLSS), the computer company said in a news release Monday. The new system will accommodate massive daily foreign exchange turnover, which IBM estimates at $3.5 trillion, in a move toward streamlining and reducing risk in the global forex markets. biz.yahoo.com -------- $3.5 Trillion in turnover, lots of available Headroom for the TSE. Didn't the TSE already spend a few hundred million on their system that doesn't even work. cl

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