A consortium led by Coopers & Lybrand is to develop a UKP4m turnkey automated trading system for the Stock Exchange of Kuwait: apart from Coopers & Lybrand’s financial services information technology consulting group, the consortium comprises the Korea Securities Computer Corp, and Unisys-Kuwait, a division of Mohamed Abdulrahman Al-Bahar; the system, which will run on Unisys 2200 hardware, is due to go live in 1991, and will provide order processing, deal execution, and contract note production; Coopers & Lybrand is providing specification and management of the system; software will be written and implemented by Korea Securities.
