Stock Exchange Electronic Trading Service

 

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Stock Exchange Electronic Trading Service

The automated trading system introduced in 1997 for the largest companies quoted on the main list of the London Stock Exchange. Trades through SETS match buyers and sellers automatically, cutting out the need for a market maker which theoretically means a narrower bid-offer spread. Smaller companies continue to use the SEAQ 'quote' book system, with market makers quoting prices to brokers and trades being done on a semi-automatic rather than fully-automatic basis.



Similar Matches

Electronic Funds Transfer Systems

Electronic Funds Transfer Systems

A variety of systems and technologies for transferring funds (money) electronically rather than by check. Includes Fedwire, automated clearringhouses (ACHs) and other automated systems.


Electronic Data Gathering, Analysis and Retrieval System

Electronic Data Gathering, Analysis and Retrieval System

In the US, EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the US Securities and Exchange Commission (SEC). Its primary purpose is to increase the efficiency and fairness of the securities market for the benefit of investors, corporations, and the economy by accelerating the receipt, acceptance, dissemination, and analysis of time-sensitive corporate information filed with the agency.


Electronic depository transfers

Electronic depository transfers

The transfer of funds between bank accounts through the Automated Clearing House (ACH) system.


Electronic funds transfer (at point of sale)

Electronic funds transfer (at point of sale)

An electronic payment system in which a plastic card is used to purchase goods or services. Subsequently the seller obtains payment by the electronic transfer of funds from the purchaser's card account.


Electronic public offering

Electronic public offering

An initial public offering, or new issue of shares, in which the process of applying for shares is handled electronically (via websites).See 'initial public offering'.


Further Suggestions

Electronic Queriable Carrier
Clearing House Electronic Subregister System (CHESS)
Swiss Electronic Bourse (EBS)


 
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