If 145 simultaneous sell orders are booked, suspicions are bound to arise.
On July 23 it was Matif that took note when the orders were placed for the 10-year French government national bond contract. A three-month investigation ensued, and the instructions were traced to the order book of Salomon Smith Barney in London. It had had electronic trading equipment installed two weeks before by GL Trade Limited, the designer and supplier of software for the Paris Bourse.
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