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ARTICLE · 30 MARCH 1995

The New Trading Systems on the Amsterdam Exchanges NV - The Wholesale Market

NetherlandsAntitrust/Competition Law

Orders of a size equal to or above the wholesale limit can be executed outside the central retail market. Actually this wholesale market will be an extension of what used to be known as the 'AIM' (the 'Amsterdam Interprofessional Market System').

Wholesale orders may be executed in three ways:

(i) through the retail segment;

(ii) in AIDA (Automatic Interprofessional Dealing System Amsterdam);

(iii) by trading outside the Exchange systems (telephonically):

(a) between two members (direct dealing);

(b) between a stockbroking firm and an investor (AIM);

(c) between a stockbroking firm and a foreign intermediary (HBH).

AIDA is an interactive screen trading system through which orders can be executed automatically. It forms part of the trading on the Exchange.

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