The American Stock Exchange (Amex) has deployed an intra-day comparison system for equities (IDCE) built by Infosys Technologies.
Infosys says the real-time comparison system will be used for matching trades, resolving unmatched trades and queries and making corrections.
The IDCE system provides a browser-based interface on the user's terminal and supports features such as movement of securities positions between firms.
Ralph Rafaniello, executive vice president of Amex floor market operations, says the system will help reduce the risk related to open positions when the industry-wide initiative of next-day trade settlement (T+1) takes place.