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any fee payable in relation to a payment instruction submitted or payment received by an as , via either the participant interface or the asi , shall be exclusively charged to this as .
any fee payable in relation to a payment instruction submitted or payment received by an as , via either the participant interface or the asi , shall be exclusively charged to this as .
- clusters can be either institutionalized (they have a proper cluster manager) or non-institutionalized
- clusters can be either institutionalized (they have a proper cluster manager) or non-institutionalized
market makers achieve revenues either by selling large volumes of shares at low spread, or by selling low volumes of shares at high spread.
market makers achieve revenues either by selling large volumes of shares at low spread, or by selling low volumes of shares at high spread.