Are Those Sizes For Real On London SEAQ Screens?
THIS WEEK'S LEAD STORIES
Some International (London) Stock Exchange members are beginning to doubt the wisdom of showing large size for bid and offer quotes.
In the most active issues traded on SEAQ, dealers frequently display prices for up to 99,900 shares, even though the minimum is only 1,000.
Traders say the LSE has encouraged members to display large size, leaving them vulnerable to competitors "picking them off." About half the volume in the London market is between dealers.
During the week of October 19th, London
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