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SEATS Plus
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The Stock Exchange Automated Trading Service is known as SEATS Plus. Basically, it's a way for shares which are dealt in infrequently and in low volume to nevertheless be traded under the auspices of the exchange.
Without SEATS Plus these shares would not qualify to be traded. That's because the London Stock Exchange has rules whereby at least two market makers need to quote prices in a security for it to be traded.
For some SEATS Plus stocks, a single market maker's quote competes with member firm's orders.
For others, business is so infrequent that no market maker will make a continuous quote and the screen will only display member firm's orders.
See Also: Online share dealing service Stockmarket Centre
Last Updated: March 2008 © Moneyextra.com
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