CATS Trading System

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The Computer Assisted Trading System (CATS) was an automated stock exchange system that went live in 1977. The Toronto Stock Exchange developed it. Harold B. Hofmann was the Vice President of Operations at the Toronto Stock Exchange and the one who introduced the CATS system. CATS enabled full automation of the price-setting process of a stock exchange. Other stock exchanges like the Paris Bourse have used technologies used by the system in the early 1908s. Some stock exchanges used it as assistance to open-outcry, whilst others used it as a stand-alone trading system. CATS used a ‘double action’ algorithm to set prices and match orders. It was the world’s first fully automated order matching system. 


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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