Fund companies participating in the supermarket of Fidelity Investments of Boston will soon be alerted to orders and redemptions as they occur. This is a departure from the current system in which funds must wait for end-of-day reports.

Fidelity has developed Internet-based software for mutual funds in its FundsNetwork Xchange to allow them to see orders as they occur. Fidelity claims to be the first supermarket to offer such a service.

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