INTRODUCTION
◦ London stock exchange is the 3rd largest stock exchange in the world
◦ The exchange has been operating since 1801
◦ Trading hours are from 8am to 4.30pm local time on weekdays
◦ The exchange operates both order and quote driven markets
PARTICIPANTS
◦ Markets participants are the people who participate in the market
Consists of Dealers, Brokers and Traders
◦ The London Stock Exchange consists of institutional retail and foreign traders.
These trade in a variety of ways, as investors, borrowers, hedges and gamblers
PARTICIPANTS
BROKERS:
◦ Brokers arrange trades for clients
◦ Brokers can be retail, institutional, discount, full-service or block.
◦ Trades are executed by brokers (increasing moving to online brokers)
DEALERS:
◦ Primary suppliers of liquidity in quote-driven markets
◦ Provide a spread to the market at which they will sell
◦ Exist in the SETSqx and the SEAQ on the London Stock Exchange
INSTRUMENTS
◦ So first of all there are four methods of the London stock exchange.
◦ (introduction), Not to raise new funds, and the London Stock Exchange to accept the existing
stock listed. The stock price is relatively stable, wide distribution, which can be estimated.
◦ （ placing ） , The existing or new shares issued to the selected sponsors of the customers.
◦ (intermediaries), The sale of an existing or new stock to an investment broker, which is
resale to its customers by the intermediaries.
◦ (public offer), When a listed company is connected to the London market, it is sold directly to
the public by a commercial bank or a stock broker
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There are three ways of listing in London - stocks, stocks bonds, and bonds. Every way to
join the London market have different disclosure requirements and listing p