Sponsored Access

London Stock Exchange's Sponsored Access service allows non members a direct technical connection to the LSE's electronic order book under the trading codes of a Sponsoring Firm.  Sponsored Users will be able to execute low latency strategies in all centrally cleared securities, including  FTSE100 and FTSE250 stocks, International Order Book, ETFs and ETCs.  A parallel service will also be available to access pan-European lit and dark order books operated by Turquoise.

Service Overview

• All orders are submitted under the codes of the Sponsoring Firm and subject to the same rules and supervision as member firm flow
• Exchange Level Controls intermediate the Sponsored User's flow on behalf of the Sponsoring Firm
• Participants connect to the LSE based on the native interface
• Sponsoring Firms are provided with a drop copy service in order to monitor the Sponsored User
• Sponsoring Firms have access to a Sponsored Portal allowing them to remotely modify certain parameters of the Exchange Level Controls
• Sponsored Users can receive market data directly from the LSE or from a vendor

Sponsored Users have a choice of connectivity options to access the LSE's trading system, ranging from ultra-low latency exchange hosting, Extranex and third party network providers.  Hosted participants also benefit from a carrier-neutral connectivity model between their hosted equipment and their external locations.

Exchange Level Controls provide a layer of pre-trade risk management, while the post-trade drop copy allows the Sponsoring Firms to view the Sponsored Users activity.  Sponsoring Firms also have access to a Sponsor Portal where they can adjust certain parameters of the Exchange Level Controls that apply to their individual users.

In the event of the Sponsored User losing their connection to the trading system, or the Sponsoring Firm losing their post trade drop copy connection, all Sponsored User open orders will be cancelled.

Sponsored Users apply for the service via their chosen Sponsoring Firm.

Downloads

Guide to Sponsored Access (MIT701)  (file pdf - 328 KB)
Sponsored Access Application Form (file pdf - 231 KB)
Sponsored Access Factsheet (file pdf - 406 KB)