BioCentury
ARTICLE | Finance

Lump of coal in Euronext stocking

December 11, 2000 8:00 AM UTC

As stock exchanges increasingly move towards 24-7 trading, Euronext - the planned merger of the Paris, Brussels and Amsterdam exchanges - is moving in the opposite direction, proposing a twice-a-day auction system for listed stocks with less than 20,000 trading transactions per year that do not have a liquidity provider (market maker). The move would thus focus Euronext on larger, more liquid stocks.

Euronext was taking comments on the proposal through Dec. 10, although based on conversations Ebb & Flow had with biotech companies that could be affected, it appears that few had even heard about the proposal...