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Warsaw Stock Exchange
The trading system used on the WSE is order-driven, which means that prices of securities are determined based on buy and sell orders. To set the price for a given security, a list of buy and sell orders is prepared. To improve the liquidity of listed securities, brokerage houses may perform the function of a market maker (animator), placing, based on the relevant agreement with the Exchange, buy and sell orders in the public order book.
http://www.wse.com.pl
[Modified:
03 Mar 2007
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