SETS is the Exchange’s single, powerful platform for the trading of the constituents of the FTSE All Share Index, Exchange Traded Funds, Exchange Traded Commodities, along with over 180 of the most traded AIM and Irish securities.
SETS now offers market making in all stocks including those deemed to be “liquid” under the new Markets in Financial Instruments Directive (MiFID). This provides customers with an on-Exchange alternative to being a Systematic Internaliser (SI).
This enhancement provides users with:
- an intuitive, two-tier market structure for the trading of all UKLA listed securities - SETS for “liquid” stocks and SETSqx for “non-liquid” stocks as defined under MiFID.
- An automatic order-driven trading service which is flexible and transparent, ensuring that every buy or sell order receives maximum exposure, resulting in a seamless and cost-effective execution.
- Order book trades in UK and Irish securities that are covered by a central counterparty operated by the London Clearing House.
A list of SETS securities is currently provided each week. Should you wish to keep your trading database synchronised on a real time basis, you may wish to subscribe to either the Datasync Email Service or the Datasync Daily Tradable Instrument Report (DTI). Please see attached for further details. If you want to find out more, please contact either your primary account manager or Demos Skordis from our product management team on +44 (0)20 7797 4513 or email dskordis@londonstockexchange.com
|