(November 29 – 09:45 ET) – VERSUS Technologies Inc. intends to match the Toronto Stock Exchange’s extended trading hours. Versus says its retail and institutional trading systems will stay open until 17:00 ET, effective today, in response to the TSE’s move last week to offer a last call market from 16:05 ET to 17:00 ET.
Versus says its LYNXX block order call market, will offer an after-hours session that will match orders and print trades at the closing price. E*Trade Canada will offer a session for existing orders effective immediately. Buy and sell orders that are entered prior to 16:00 ET will be eligible to participate in the session and limit orders at the closing price placed before 16:00 will remain in the TSE order book and may be filled until 17:00. Orders can be cancelled during the extended trading session.
E*Trade expects that early in January 2000 its customers will be able to modify an existing order after 16:00 ET. But it is not making this system change now because of Y2K.
-IE Staff
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