Structured Notes
Structured Notes
Three market models
Continuous Trading: Hybrid market model
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Also known as Request For Execution (RFE) market model
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Requests For Execution (RFE) are sent to liquidity providers. LPs can update trading thresholds and quotes if need be, ensuring executions at most up-to-date prices
Continuous Trading: Order Driven market model
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Trading takes place in a Single Order Book common to Euronext Amsterdam, Brussels and Paris
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Investors, market makers and liquidity providers can send market, limit and stop-loss orders
Auction Trading: Single or double daily auctions
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For Structured Notes not requiring continuous trading
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Trading takes place once or twice a day resulting from a single or double auction