Actant Plans ISE Interface

FRAMINGHAM (04/07/2000) - Swiss software vendor Actant AG plans to move into the U.S. market by June with the delivery of a user-friendly interface to the International Securities Exchange (ISE).

Interfaces to the Archipelago LLC and Instinet Corp. electronic communication networks (ECN) will follow by the fourth quarter, according to Actant spokesman Heiner Staub. The New York Stock Exchange, The Nasdaq Stock Market Inc. and the American Stock Exchange will be next to receive interfaces, Staub said.

Actant is a leading European provider of third-party interfaces to electronic stock exchanges, according to Staub. Its entry into the U.S. market will help speed the conversion from floor-based to electronic trading of derivatives, he said.

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