jimmy b
- 18 Mar 2016 08:07
- 5 of 8
You may know about this already but i thought it worth posting .
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From Monday 21 March 2016, the London Stock Exchange (LSE) is introducing a new auction to all stocks on its automated trading system, SETS. It's designed to improve the efficiency of the market and regulate the pricing of stocks that trade through SETS.
So what’s happening?
Every trading day, a pre-market and post-market auction takes place that helps determine the opening and closing price on an underlying stock. The new auction will be in addition to those that already take place and will start at midday each day the Exchange is open*.
During the auction, any stock that trades on the SETS system will not be available for 'Quote and Deal' orders. We expect it to last for a minimum of two minutes although the LSE have said the longest period might be up to 16 minutes.
Stan
- 18 Mar 2016 09:09
- 6 of 8
An added auction eh. I wonder what difference if any that will make.
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3/7.