Normal Market Size classification system


Normal Market Size classification system
(NMS classification system) A classification system used by the London Stock Exchange (LSE) based on how actively the shares are dealt in. Each share listed on the stock exchange has what is known as a Normal Market Size (NMS). NMS is a value expressed as a number of shares used to calculate the minimum quote size for each security.
For further information, see the LSE website: .

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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