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Get Started in Shares by Glen Arnold

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Alternatives to SETS

Trading on SETS is for companies whose trading is liquid so there are plenty of shares traded each day, as was apparent in Figure 5.1 where over seven million shares of GSK were traded on one day. There are other means of trading for less frequently traded shares.

SETSqx

SETSqx (Stock Exchange Electronic Trading Service – quotes and crosses) trades in Main Market and LSE’s AIM shares which are less liquid and not traded on SETS.

SETSqx combines order book technology with quote-driven trading and periodic auctions. It works like this: A single market maker’s quote can be displayed if a market maker is interested in quoting a price. (Ideally, the exchange would like many market makers’ quoting prices so that competition encourages ...

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