This information is disseminated instantaneously to newsvendors and system subscribers. All trades done with the market-makers have to be executed, registered and reported through NEAT . The Exchange has incorporated into NEAT an order-driven computerised trading system called TIDY . This order-driven system creates an additional dimension for market participants, offering a transparent market whereby the best bid and offer prices are shown on the screen. TIDY matches the trades through competitive bids and offers .
Investors place their orders through the brokers.
The computer then prioritises their orders based on their prices and time of their input into the system. In this way, the market can see the best bid and offer on the screen at any point in time. This trading information is disseminated instantaneously to newsvendors and system subscribers. Market participants are guaranteed best execution at the market s prevailing best bid and offer prices. The design of the order-driven TIDY system ensures that competitive best bids and offers prevail.