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They also have "internalizers," including firms like Citigroup, which pay retail brokers for the opportunity to handle trades before the orders reach a public exchange.
At present, this information is in the hands of Canada's seven inter-dealer brokers, firms which handle trades for bond dealers and banks in order to keep the transactions anonymous.
Citigroup and others, for instance, are considering moving proprietary traders to desks that handle trades for clients, although the traders would still be able to make their own bets in the markets.
Deutsche Bank is transferring its operations to a back-up system to be able to handle trades and track accounts, while Merrill Lynch says it has contingency plans and is able to operate.
Stocks trade differently if their primary market is the Nasdaq, which is completely electronic, rather than exchanges like the New York Stock Exchange and the American Stock Exchange, where specialists physically handle trades on a floor.
AUTOMATIC DATA PROCESSING INC., Roseland, N.J., the world's largest paycheck issuer and a processor of stock trades, won a 10-year contract to mail documents and handle trades for E*Trade Group, Menlo Park, Calif., an Internet broker.
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For an optimization technique, genetic algorithm is applied to handle trade-off effects of design parameters.
Montreal, however, will continue to handle trading in derivatives and new products like carbon emissions trading.
Banks handle trading that is off of the exchanges, or so-called over-the-counter trading.
Young & Rubicam New York, part of Young & Rubicam Advertising, continues to handle trade advertising for People.
These days, there is another situation for Guerin to handle: trade speculation (the trade deadline is March 4).
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