(November 23 – 17:40 ET) –
The Toronto Stock Exchange Board
of Governors has approved a last
sale trading session. Beginning
November 29, 1999, the TSE will
expand its existing “crossing
session” from 4:05pm – 5:00pm into
a trading session at the last sale
price.
This addition will enhance the
current “crossing session” to
allow qualifying orders in the
TSE’s order book at the end of
the day, and those entered into
the book during the session, to
be matched and traded at the
closing price for the day.
The fully automated Toronto
Stock Exchange accounts for
approximately 90% of all equity
trading in Canada. In 1998, more
than 26 billion shares traded,
worth more than $490 billion –
about $2 billion a day in share
transactions.
-IE Staff
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