Word: finacing
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Improved communications also help brokerage houses handle the load and keep their customers happy as well. From any of Goodbody's 39 branches outside New York City a customer's order is teletyped over A.T. & T.'s Finac network to the home office, where an operator puts it into one of the variously colored grooves in a conveyor belt to route it to the right clerk. Within minutes the order is telephoned to one of Goodbody's brokers on the Exchange floor. On normal trading days a buyer in Palm Beach can have his order executed...
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