LSE Cuts Minimum SETS Order Rule, Ups Maximum, Delays FTSE 250 Coverage
SETS IMPLEMENTATION & STRATEGIES
LONDON--The London Stock Exchange has announced plans to modify its eight-month-old Stock Exchange Electronic Trading Service (SETS) order driven market by removing its minimum order restriction, increasing the size of maximum orders and delaying order book coverage of the FTSE 250.
The modifications are a result of LSE consultations with "interested parties", says an exchange spokes person. The interested parties include LSE member firms, large fund managers, professional trade organizations
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