4301 OVERVIEW
Securities shall be traded either through continuous matching of orders at opposite sides of the Central Order Book or through call auction procedures following a period in which orders have been accumulated without execution.
The allocation of Equity Securities between continuous and auction mode trading shall be determined by the Relevant Euronext Market Undertaking on the basis of objective criteria including (without limitation) historical and expected trading volumes, the inclusion in a Euronext or other internationally recognised index and the presence of Liquidity Providers and Market Makers.
4302 CONTINUOUS TRADING
4302/1 Pre-opening phase
An opening auction shall be held at the beginning of each Trading Day prior to the commencement of continuous trading, in the manner specified in one or more Notices.
4302/2 Main trading session
Upon completion of the opening auction, trading shall take place on a continuous basis, with each incoming order being checked immediat
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