- SETS
- Stock Exchange Electronic Trading Service (SETS)An automated trading system that was introduced in 1997 in the London Stock Exchange. It matches the orders of buyers and sellers automatically, thus cutting out the need for a market maker. Financial Services Glossary————Stock Exchange Electronic Trading Service (SETS), an order-driven trading service. London Stock Exchange Glossary
* * *
SETS SETS [sets] nounFINANCE Stock Exchange ( Electronic) Trading Service; an electronic service on the London Stock Exchange for trading shares and bonds of the best known companies, which are the safest investment* * *
London's Stock Exchange Electronic Trading System. An electronic order-driven trading system which handles all of the UK's FTSE Eurotop 300 equities, all equities that have a LIFFE-traded equity option and some Irish stocks traded in euros.► See also LIFFE, Order Driven.* * *
SETS UK US noun STOCK MARKET, FINANCE► ABBREVIATION for Stock Exchange Trading Service: the London Stock Exchange’s system for buying and selling shares electronically: »SETS is the London Stock Exchange’s flagship electronic order book, trading FTSE 100, FTSE 250 and the FTSE Small Cap Index.
Financial and business terms. 2012.