Order book - Introduced on 20 October 1997. FTSE 100 stocks are traded on an electronic order book (instead of the SEAQ quote system). When bid and offer prices match, new incoming orders automatically execute against orders on the book.
The automated trading system introduced in 1997 for the largest companies quoted on the London Stock Exchange. Trades through SETS cut out the need for market makers which theoretically means a narrower bid-offer spread for investors. Smaller companies on the LSE continue to use the SEAQ "quote" book system, and market makers play an important role in putting buyers and sellers together.
Order book : introduced on 20 october 1997. ftse 100 stocks are traded on an electronic order book (instead of the seaq quote system). when bid and offer prices match, new incoming orders automatically execute against orders on the book.
the automated trading system introduced in 1997 for the largest companies quoted on the london stock exchange. trades through sets cut out the need for market makers which theoretically means a narrower bid-offer spread for investors. smaller companies on the lse continue to use the seaq "quote" book system, and market makers play an important role in putting buyers and sellers together.
Order book