Exchange to be 'flexible.'(London Stock Exchange plans flexibility over order-driven trading)
Article Abstract:
The London Stock Exchange plans flexibility over order-driven share trading. The system may be reviewed if it appears to harm the interests of private investors. The new system involves a minimum transaction size of 4,000 pounds sterling, which excludes some 67% of private investor transactions, according to critics. Private investors will have to use market makers who may be reluctant to take on low-value business. Critics argue that these investors are also likely to face higher charges.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Definitely not what the small investor ordered
Article Abstract:
The London Stock Exchange will launch order-driven trading on Oct 20 1997, and this will exclude most private investors since it only applies to large transactions. The system will initially apply to the major 100 UK companies, expanding to the biggest 250 companies in 1998. There is concern that retail service providers will increase fees for private investors or withdraw from the market. This would affect the ability of private investors to deal.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic: