'Transformation' Nears Completion

The Amsterdam Exchanges NV is on the right track, the bourse's management trumpeted at last week's presentation of it's 1994 annual report. Last year's overhaul of its share trading system and the decision to open the central Dutch market to foreign securities houses will keep Amsterdam from being further overshadowed by the London market.

'The Amsterdam bourse has nearly completed its transformation from an association of members to a professional organisation,' the stock exchange general manager Hans Brouwer said. The bourse is now studying how it will implement the final phase of that transformation - changing its legal status from an association to a corporation. A special committee set up to investigate the change will submit its report later this year, along with the recommendations as to whether the bourse should become a private or public company. ASE chairman Boudewijn van Ittersum expects the bourse's new corporate status to take effect before January 1 1996, at