Amsterdam Update - Spring 96 - First Companies Apply for Remote Membership

Remote membership of the Amsterdam Exchanges NV will bring benefits all round, according to UBS, the first of several companies expected to apply for membership. "The main benefits will be availability of information and the ability to deal immediately for our clients," says Gordon Baker, Head of Business Development (Equities Division) at the London base of securities house UBS.

"We'll have complete access to the order books and AIDA. And although ASSET is widely available through Reuters, the ability to see the patterns of trade throughout the day is vital to us for best execution," he says.

Business benefits
He believes that ultimately, remote membership will lead to an increase in business for UBS. "Our main aim is to serve our American and UK based clients with Pan European products. We're a client-led organisation and we'll be able to offer a better service."