... at which those prices will be honoured. Shares traded using SEAQ are said to be traded on the 'quoted book'. SETS - the latest phase On the 27th of October 1997 the London Stock Exchange completed its electronic update in trading when it replaced the Stock Exchange Automated Quotations system with the Stock Exchange Electronic Trading System (SETS) for the top 100 shares. Today almost 200 securities are traded on SETS covering the FTSE 100 index, the most liquid FTSE 250 securities, equities that have a LIFFE equity option and some Irish stocks traded in euro. The order-driven trading service gives to all market participants the flexibility and transparency the need to ensure that every buy or sell order gets the optimal level of exposure and to ensure a cost efficient execution. Order book (Order book is a facility which is operated by the Stock Exchange for the electronic submission and ...

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