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August 15, 1988

JAPAN INFORMATION PROCESSING TO DEVELOP FUTURES TRADING SYSTEM

By CBR Staff Writer

Software developer Japan Information Processing Co is to develop a futures trading system in preparation for the start of financial futures trading in Tokyo in June 1989: the system will be priced at around $75,000 – one of the highest prices ever for a Japanese software package ever, notes our Tokyo correspondent for running on the IBM mainframes that are the norm in financial institutions, and Japan Information also plans to offer the system as a time-sharing bureau service; development of the system is expected to be complete in April 1989, and a great deal of interest is expected from other financial institutions who are so tied up with the development of their Third On-line Systems that they don’t have the time or resources to develop a futures trading system as well.

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