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London Stock Exchange InformationSome essential London Stock Exchange information. The London Stock Exchange is the oldest major financial market in the world but it is now no longer the largest. In March 2005, there were over 2,500 companies quoted on the London Stock Exchange market including over 300 from outside the UK. To be granted permission to be listed on the stock market, companies must satisfy certain conditions (in advance of a listing) and then others on an ongoing basis. For example, companies must have a trading record of at least three years before they can obtain a listing.
SEAQ is the Stock Exchange Automated Quotation System and is a quote-driven system. Market makers compete, transacting amongst themselves and dealing with the public through brokers (also known as dealers). Trading is done by phone. SETS is the Stock Exchange Electronic Trading Service and is an order-driven system. It allows brokers to post orders and trade automatically through an electronic order book. This eliminated the market makers role. SETS is limited to FTSE 100 stocks and some FTSE 250 shares. The London Stock Exchange is commonly known for trading in UK equities, but is also a market for international shares, gilts, corporate and local authority bonds, Eurobonds, warrants and covered warrants. To read more about the operations and workings of the London Stock Exchange, please visit:
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