LSE Prepares for Live SETS Auction at Beginning of Trading Week

[kreslik.news]

The London Stock Exchange’s (LSE) will see the first of its daily intra-day auctions take place on Monday, March 21 – the auctions were designed to help provide new benchmarking opportunities for a multitude of fund mangers as well as a process for managing the upcoming MiFID II volume caps, which financial markets are steadily drifting towards, according to an LSE statement.

The LSE’s auctions will last a total of two minutes, which will feature a cessation of all SETS equities in order to allow the broader market to take part in the auction process. There will be no additional fee ... (read more)