Three market models for Structured notes
Issuers and investors have the choice of three market models for trading Structured Notes on Euronext.
Continuous Trading: Hybrid market model
- Also known as Request For Execution (RFE) market model
- 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
- Trading takes place in a Single Order Book common to Euronext Amsterdam, Brussels and Paris
- Investors, market makers and liquidity providers can send market, limit and stop-loss orders
Auction Trading: Single or double daily auctions
- For Structured Notes not requiring continuous trading
- Trading takes place once or twice a day resulting from a single or double auction