View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 28, 2005

London Stock Exchange reveals SETSmm extension

The London Stock Exchange has extended its electronic order book, SETSmm, to cover another 200 securities.

By CBR Staff Writer

The Exchange said it will introduce a phased rollout of the changes, beginning with the migration of 200 Small Cap securities on its Main Market in July this year followed by the remaining Small Caps in December.

Further work with market participants is expected to be undertaken regarding the transfer of liquid AIM securities to SETSmm, which is being examined in conjunction with the introduction of a new benchmark AIM index, currently under development with FTSE International.

In addition to the SETSmm extension, the Exchange announced that it will, subject to regulatory approval, introduce a tailored incentive package for liquidity providers in an attempt to ensure maximum opportunity for continued and deep liquidity provision in Small Cap securities.

The Exchange has also set objective criteria upon which to judge whether securities are suitable for trading on SETSmm, aiming to ensure that securities are trading on the optimal platform, and where a particular security does not trade as expected, it will be transferred back to a quote-driven system.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU