The Canadian Dealing Network (CDN) has introduced a computerized surveillance system that will quickly identify trading patterns as well as price and volume fluctuations for all over-the-counter stocks.
Under the new system, CDN analysts can monitor specific stocks and identify price patterns, unusual movements and possible stock manipulation. The programs were developed by the Toronto Stock Exchange and are used to monitor the TSE market.
CDN operates Canada’s only over-the-counter securities market. During the first five months of 1993, more than 404 million CDN shares, valued at $2.4 billion, changed hands.
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