SETSqx

E42907
market segment trading service

SETSqx is a hybrid electronic trading service on the London Stock Exchange that combines periodic auctions with continuous quote-driven market making for less liquid securities.

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Statements (35)

Predicate Object
instanceOf market segment ⓘ
trading service ⓘ
aimsTo improve liquidity for less liquid securities ⓘ
provide efficient price formation for illiquid instruments ⓘ
auctionFrequency periodic auctions at scheduled intervals ⓘ
country United Kingdom ⓘ
currency Pound sterling ⓘ
surface form: GBP
designedFor securities not suited to fully order-driven SETS ⓘ
exchangeSegmentOf London Stock Exchange ⓘ
surface form: London Stock Exchange Main Market
focusesOn securities with lower trading volumes ⓘ
hasComponent periodic auction book ⓘ
quote-driven market making ⓘ
hasTradingParticipants member firms of the London Stock Exchange ⓘ
marketStructure order-driven and quote-driven hybrid ⓘ
marketType hybrid electronic trading service ⓘ
operatedBy London Stock Exchange ⓘ
priceDiscoveryMethod auction uncrossing prices ⓘ
market maker quotes ⓘ
provides on-book trading for less liquid securities ⓘ
purpose to facilitate trading in less liquid securities ⓘ
quoteProvision supported by registered market makers ⓘ
regulatorJurisdiction Financial Conduct Authority ⓘ
relatedTo SEAQ ⓘ
SETS ⓘ
segmentType quote-driven with periodic auctions ⓘ
supports order-driven periodic auctions ⓘ
quote-driven continuous trading ⓘ
supportsTradingIn equities ⓘ
investment funds ⓘ
other less liquid listed instruments ⓘ
tradingHoursRelation operates during London Stock Exchange trading hours ⓘ
tradingMechanism electronic order book ⓘ
quote-driven market making ⓘ
tradingModel combines periodic auctions with continuous quote-driven market making ⓘ
usedFor less liquid securities ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.