SETS

SETS
The Stock Exchange Electronic Trading Service, otherwise known as the order book. It is the central trading mechanism for the securities comprising the FTSE 100 Index. Member firms can enter, buy or sell orders, either on their own behalf or for their clients. These orders are either matched automatically with corresponding orders or are retained on the order book for future execution, or returned, either in full or in part to the originating member firm.
For further information, see the London Stock Exchange website.

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

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