International Order Book (IOB)
Unlock the potential of some of the world’s fastest growing markets. Gain direct access to securities from 46 countries through one central order book.
Downloads
IOB trading model (
file pdf - 24 KB)
List of IOB CCP securities updated weekly (
file xls - 467 KB)
List of IOB Non CCP securities updated weekly (file xls - 488 KB)
IOB Holiday and Settlement Calendar 2010 (file xls - 31 KB)
The IOB offers easy and cost efficient access for traders looking to invest in fast growing economies, for example, in Central and Eastern Europe, Asia and the Middle East via depositary receipts (DRs).
The service is based on an electronic order book similar to SETS but with the added option for member firms to display their identity pre-trade by using Named Orders, offering greater visibility in the market.
Hidden orders are now live on SETS and IOB order books. Using the MiFID large in scale criteria, participants are able to to directly interact with the order book without providing any pre-trade transparency. The hidden pegged functionality provides a further option to automatically link an order to the mid of bid / offer, offering price improvement against the displayed liquidity. Both order types are protected by the option of setting a minimum execution size. Click here to find out more
IOB Clearing
The IOB now benefits from a Central Counterparty (CCP) clearing service for over 70 of the most heavily traded securities. This brings the service closer into line with SETS and the EDX London RIOB service and is designed to help firms to mitigate counter-party risk, attract new IOB participants, improve liquidity and lower operational costs.
IOB Netting
An optional netting service is available on the IOB, provided by LCH.Clearnet, which enables firms to net same day, same-security trades at the CCP level for trades in cleared securities. To opt in to netting, please contact the Client Implementation team on +44 (0)20 7797 3232.
IOB Participants
To access information on member firms in the UK and around the world, including those with access to the IOB, please visit our member firm directory. You can also search by a firm’s name or search for firms’ DTC or Euroclear Bank codes.
Access
All member firms that wish to trade electronically on the IOB are required to complete an IOB Clearing Static Data Form and submit it to the London Stock Exchange. Completed forms should be submitted to: clientimplementation@londonstockexchange.com. For assistance, please contact the Client Implementation Team on +44 (0)20 7797 3232. All IOB trading participants are required to have a direct or indirect relationship with LCH.Clearnet. The LCH.Clearnet Membership Team can be contacted on +44(0)20 7426 7063.
A Euroclear RG448 Power of Attorney form needs to be completed and returned to Euroclear Bank, by the member firm or its settlement provider for each participant account within Euroclear Bank. Forms must be returned to Euroclear Bank by the member firm or its settlement provider before access to IOB is granted. Please contact Nicolas Landman at Euroclear Bank on +32 (0)2326 2757 for assistance.
The IOB now benefits from a Central Counterparty (CCP) clearing service for over 70 of the most heavily traded securities. This brings the service closer into line with SETS and the EDX London RIOB service and is designed to help firms to mitigate counter-party risk, attract new IOB participants, improve liquidity and lower operational costs.
IOB Netting
An optional netting service is available on the IOB, provided by LCH.Clearnet, which enables firms to net same day, same-security trades at the CCP level for trades in cleared securities. To opt in to netting, please contact the Client Implementation team on +44 (0)20 7797 3232.
IOB Participants
To access information on member firms in the UK and around the world, including those with access to the IOB, please visit our member firm directory. You can also search by a firm’s name or search for firms’ DTC or Euroclear Bank codes.
Access
All member firms that wish to trade electronically on the IOB are required to complete an IOB Clearing Static Data Form and submit it to the London Stock Exchange. Completed forms should be submitted to: clientimplementation@londonstockexchange.com. For assistance, please contact the Client Implementation Team on +44 (0)20 7797 3232. All IOB trading participants are required to have a direct or indirect relationship with LCH.Clearnet. The LCH.Clearnet Membership Team can be contacted on +44(0)20 7426 7063.
A Euroclear RG448 Power of Attorney form needs to be completed and returned to Euroclear Bank, by the member firm or its settlement provider for each participant account within Euroclear Bank. Forms must be returned to Euroclear Bank by the member firm or its settlement provider before access to IOB is granted. Please contact Nicolas Landman at Euroclear Bank on +32 (0)2326 2757 for assistance.
Downloads
IOB trading model (
file pdf - 24 KB)
List of IOB CCP securities updated weekly (
file xls - 467 KB)
List of IOB Non CCP securities updated weekly (
file xls - 488 KB)
IOB Holiday and Settlement Calendar 2010 (
file xls - 31 KB)
Response to IOB Consultation of June/July 2009 (file pdf - 69 KB)
RG448 Power of Attorney (file pdf - 65 KB)
IOB CCP Static Data Form (file pdf - 103 KB)
IOB CCP Static Data Form - Guidance Notes (file pdf - 48 KB)
file pdf - 69 KB)
RG448 Power of Attorney (
file pdf - 65 KB)
IOB CCP Static Data Form (
file pdf - 103 KB)
IOB CCP Static Data Form - Guidance Notes (
file pdf - 48 KB)
Contact us
For queries relating to specific trades, please contact Market Supervision on +44 (0)20 7797 3666 (option 2)
Specific issuer related queries, or to find out more about admitting securities to the IOB - Darko Hajdukovic on +44 (0)20 7797 3306 or email
For general enquiries about the IOB trading service please click here.
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