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Trading services


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From our premium fully electronic order-driven services for liquid UK and international Global Depositary Receipts, through to our quote driven market maker services for less liquid securities, our Trading Services are designed to maximise liquidity in the securities traded on them.

Our domestic and international trading services

SETS

SETS is the London Stock Exchange's premier electronic trading service that combines electronic order-driven trading with integrated market maker liquidity provision, delivering guaranteed 2-way prices.

Downloads
List of SETS securities - updated weekly




SEAQ

SEAQ is the London Stock Exchange’s non-electronically executable quotation service that allows market makers to quote prices in AIM securities (not traded on SETS or SETSqx) as well as a number of fixed interest securities.

Downloads
List of SEAQ securities updated weekly




European Trade Reporting

A pan-European trade reporting service that enables clients to meet their post-trade reporting obligations whether trading on or off Exchange. We provide two options to meet the post-trade transparency obligations...

Downloads
List of European Trade Reporting securities




International Board

Our electronic order book which allows member firms and their customers to trade constituents of Straits Times Index (STI 30) and MSCI Singapore Free Index in London.

Downloads
International Board - list of securities



SETSqx

SETSqx (Stock Exchange Electronic Trading Service – quotes and crosses) supports 4 electronic auctions a day at 9am, 11am, 2pm and 4:35pm, along with continuous stand alone quote driven Market Making.

Downloads
List of SETSqx CCP securities updated weekly
List of SETSqx NON CCP securities updated weekly




International Order Book

Our electronic order book for trading Global Depositary Receipts from some of the worlds fastest growing markets.

Downloads
List of IOB CCP securities updated weekly
List of IOB Non CCP securities updated weekly




European Quoting Service

Quote Driven Market Making and trade reporting service for liquid MiFID securities not on another Exchange service.

Downloads
List of EQS securities updated weekly




Derivatives

London Stock Exchange Derivatives Market offer Member firms new and innovative products, alongside our leading international marketplace for Russian Depositary Receipts, Index and Dividend derivatives. We also operate a linked order book model with Oslo Børs to offer Primary market Norwegian liquidity, and offer trading of futures and options on UK index and single stock derivatives, including the FTSE 100 index and the FTSE Super Liquid Index...



Guide to the Trading System (MIT201)
 
The first download below - Guide to the Trading System (MIT201) - provides detailed information on the operation of Millennium Exchange including a generic description of its functionality.
 
The Full Millennium Exchange Technical Specifications can be found here.
 
Millennium Exchange Business Parameters
 
The detailed operation of each Trading Service is governed by the specific configuration of Millennium Exchange for that service and the Rules of the London Stock Exchange. The Millennium Exchange Business Parameters is the second download below providing details of the configuration of each trading service including:
  • details of daily trading schedule including timings
  • basis of calculation of opening & closing prices
  • publication and settlement regime in operation
  • structure of price monitoring and ruling thresholds
  • order and trade types enabled including details of any minimum size constraints
  • comparison between Trading Services including selection criteria
  • Overview of market maker obligation sizes (EMS)

Downloads

Guide to the Trading System (MIT201)  (pdffile pdf - 1017 KB)
Millennium Exchange Business Parameters  (xlsfile xls - 921 KB)
Registered Market Makers by Security (xlsfile xls - 4 MB)

 

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.



Business days

London Stock Exchange plc. generally operates its Trading Services each weekday. It does however, recognise the Public and Bank Holidays of England & Wales and the impact on its Trading Services of these days are set out in the table available in this section.



Prices and policies

Here you find our price lists and policies for member firms, with trading services order forms and user agreements applicable to all customers using trading services on Millennium Exchange and declaration forms for Liquidity Provider Scheme for FTSE 350 Securities.



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