London Stock Exchange’s Proposal Splits Market

ADMINISTRATION AND MANAGEMENT

The London Stock Exchange’s (LSE) proposal to extend the SEDOL security numbering system to create a market level identifier, announced last week (IMD, Nov. 11), has caused a split between two major industry bodies.

The LSE intends to make its existing seven-character numeric SEDOL code alphanumeric in order to create a global securities identifier. The move is supposed to improve settlement efficiency and allow easier identification of companies traded on different exchanges.

However, the p

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