CATS (trading system) - significado y definición. Qué es CATS (trading system)
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Qué (quién) es CATS (trading system) - definición

AUTOMATED EXCHANGE SYSTEM DEVELOPED BY THE TORONTO STOCK EXCHANGE

CATS (trading system)         
CATS (Computer Assisted Trading System) was an automated exchange system developed by the Toronto Stock Exchange. It went live on November 18, 1977, with 90 stocks.
Alternative trading system         
US REGULATORY TERM FOR A NON-EXCHANGE TRADING VENUE
Alternative Trading System; Alternative Trading Systems
Alternative trading system (ATS) is a US and Canadian regulatory term for a non-exchange trading venue that matches buyers and sellers to find counterparties for transactions. Alternative trading systems are typically regulated as broker-dealers rather than as exchanges (although an alternative trading system can apply to be regulated as a securities exchange).
Automated trading system         
SUBSET OF ALGORITHMIC TRADING, USES A COMPUTER PROGRAM TO CREATE BUY AND SELL ORDERS AND AUTOMATICALLY SUBMITS THE ORDERS TO A MARKET CENTER OR EXCHANGE
Automated trading; Backtesting software; Backtesting Software; Trade Automation Software; Automated Trading System
An automated trading system (ATS), a subset of algorithmic trading, uses a computer program to create buy and sell orders and automatically submits the orders to a market center or exchange. The computer program will automatically generate orders based on predefined set of rules using a trading strategy which is based on technical analysis, advanced statistical and mathematical computations or input from other electronic sources.

Wikipedia

CATS (trading system)

CATS (Computer Assisted Trading System) was an automated exchange system developed by the Toronto Stock Exchange. It went live on November 18, 1977, with 90 stocks. The first trader to use the system was Ralph W. Varney of Jones Gable, who also served on the development committee. CATS was introduced, piloted and developed by Harold B. Hofmann, then the Vice President of Operations at the Toronto Stock Exchange. CATS was one of the first technologies allowing for a full automation of the price-setting process in a stock exchange. This technology was implemented in several other stock exchanges in the 1980s. In some cases, it was used as an assistance to open-outcry, but in others it allowed for a full dismantlement of the open-outcry institution. The Paris Bourse purchased this system in the early 1980s and implemented it as CAC (Cotation Assistée en Continu).

CATS handled the process of order matching and price setting through a "double auction" algorithm. It is credited for having been the first system to allow for a full automation of the price setting process in a centralized, order-driven stock market.