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Order book |
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Order bookThe automated trading system introduced in 1997 for the largest companies quoted on the London Stock Exchange. Trades through SETS cut out the need for market makers which theoretically means a narrower bid-offer spread for investors. Smaller companies on the LSE continue to use the SEAQ 'quote' book system, and market makers play an important role in putting buyers and sellers together.Similar MatchesBorder priceBorder priceThe price of a good at a country's border. Any part of orderAny part of orderIn context of general equities, order to buy or sell a quantity of stock in pieces if necessary. Antithesis of an all-or-none order (AON). Standing orderStanding orderAn order by a customer to his/her banker to pay a specified amount usually on or around a particular day of the month regularly to another account. This could be typically to a person's building society for regular payment of mortgage interest or for premiums for life assurance. If the payee, for example, a building society, requires payments to be increased (or decreased) it must write to the customer requesting a change in the amount of the standing order. The customer then instructs his/her bank accordingly. The current trend for regular payments however seems to be towards direct debit where the customer agrees to the payee debiting (claiming funds from) his/her account. Cross border bondsCross border bondsBonds that firms issue in the international market. Percentage orderPercentage orderUsed for listed equity securities. Market limited price order to bu../../finance-glossary/sell a specified percentage (usually 50%) of shares traded (sometimes after a fixed number of shares of the stock have already traded). See: participating buyer/seller, "Participate but do not initiate." Further SuggestionsBuy stop orderGood til cancelled order (GTC) Cross border risk Order splitting Immediate or canceled order (IOC order) Economic order quantity (EOQ) Border tax adjustment Cross-border supply Sell order Market on Close (MOC) order cancel former order Sell limit order Order Book Official Orderly Marketing Arrangement Buy minus order Split order Spread order Switch order Open (good till cancelled) order (GTC order) Limit order information system Roll order Qualified Domestic Relations Order (QDRO) Market order go along or participating Small Order Execution System (SOES) Significant order |
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