Title: Call Market Mechanism on the Paris Stock Exchange
Abstract: The Paris Stock Exchange or Paris Bourse has always relied on call auction mechanisms to perform trading. From the beginning of the 19th century to the end of the 1980′s, the Bourse was a call market, with open outcry trading (à la criée) for the most active stocks and written trading for the less active stocks. In 1986, the traditional call market was replaced by a continuous electronic auction system, the CAC trading system. Initially, all stocks were traded on a continuous basis after market opening which was run by an electronic call auction.
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 2
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