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ARTICLE · 17 JULY 1997

AEX Optiebeurs Prepares For Unprecedented July Turnover

NetherlandsAntitrust/Competition Law
AEX-Optiebeurs has been making preparations for the possibility of an unprecedented level of turnover this coming Friday (19 July) caused by the expiry of the July options contract. AEX Optiebeurs is basing its forecasts on the number of contracts which by Monday's close (14 July) had already risen to 850,000 contracts, a large number of which will be closed or rolled over before or during the last trading day for the July series.

The previous record level of business on an expiry day was in January 1997. The number of contracts in the money then was 380,000 and the number of contracts settled on the expiry date was 411,000.

To ensure that the trading and settlement of transactions proceeds in an orderly number in the coming week, AEX-Optiebeurs has already decided to postpone the introduction of a new options series and to reduce the number of new series. If there is a threat that a situation might arise where proper settlement of transactions cannot be effected on time, the

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