Právní základ -Interreg IIIB (NWE ENO): Grant Offer Letter C045 MAYAII in North West Europe van 13 oktober 2003 en besluit/beschikking provincie Zeeland d.d 24 februari 2003 Statencommissie Algemeen Bestuur -

Rättslig grund -Interreg IIIB (NWE ENO): Grant Offer Letter C045 MAYAII in North West Europe van 13 oktober 2003 en besluit/beschikking provincie Zeeland d.d 24 februari 2003 Statencommissie Algemeen Bestuur -

(52) Investbx seems, at first sight, to differ from these traditional markets. It, for instance, has no market makers. Market makers generate revenues based on the share price "spread", i.e. the margin between bid and offer price. Market makers achieve revenues either by selling large volumes of shares at low spread, or by selling low volumes of shares at high spread. Both of these factors may contribute to them not working well with SMEs, which have, for instance, lower volumes of shares to sell.

(52) Investbx seems, at first sight, to differ from these traditional markets. It, for instance, has no market makers. Market makers generate revenues based on the share price%quot%spread%quot%, i.e. the margin between bid and offer price. Market makers achieve revenues either by selling large volumes of shares at low spread, or by selling low volumes of shares at high spread. Both of these factors may contribute to them not working well with SMEs, which have, for instance, lower volumes of shares to sell.