Paris Bourse
Until the late 1980s, the market operated as an open outcry exchange, with the "agents de change" meeting on the exchange floor of the Palais Brongniart. In 1986, the Paris Bourse started to implement an electronic trading system. This was known generically as CATS (Computer Assisted Trading System), but the Paris version was called CAC (Cotation Assistée en Continu). By 1989, quotations were fully automated. The Palais Brongniart hosted the French financial derivatives exchanges MATIF and MONEP, until they were fully automated in 1998. In the late 1990s, the Paris Bourse launched the Euronext initiative, an alliance of several European stock exchanges.