SETS Participants Anticipate Minor Changes After Last Week's Launch
SETS IMPLEMENTATION & STRATEGIES
LONDON--A week after the bumpy but successful launch of the Stock Exchange Electronic Trading System (SETS) of the London Stock Exchange, vendors and member firms are looking forward to minor improvements.
Financial technology vendors foresee developments in order management and settlement systems while the 180 LSE member firms worry about automatic execution. For its part, the LSE has set up a counterparty risk office.
The October 20 launch of the order driven market went off with little by way
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