Risk.net

PCX cancels options trading system

The San Francisco-based exchange and the vendor entered into an agreement in July 2000 by which Computershare was to build an electronic options trading system based on its Automatic Securities Trading System (ASTS) blueprint. The system was built and delivered in early 2001 and was to have gone live by the end of the first quarter of 2001. But it was delayed because of wrangling with the Securities and Exchange Commission over how the system would work in conjunction with the Options Linkag