London Stock Exchange’s fully automated workflow brings together access to a diverse universe of liquidity provision, on-exchange and with Central Counterparty Clearing. Functionality will be supported for all CCP-cleared Equities, ETPs and Depositary Receipts.
Auto-complete RFQ Platform (Equities, ETPs and DRs) requiring no manual intervention
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Automated workflow via smart order router or dedicated liquidity seeking algo.
Buy 500k ABC plc, 495 limit
Requester choice: named vs unnamed expiry time
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Request for quote in 500k ABC plc
Side, price limit and requestor identity is not transmitted (unnamed model)
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Liquidity Provider responds within required period with one-way or two-way price.
Prices in 500k ABC plc
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Exchange filters for offers within price limit
Matches against best price, time priority.
Fill or nothing done
Liquidity Provider identity not transmitted
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Fill or nothing done
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Fill or nothing done
Liquidity Provider identity not
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Fill or nothing done
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Fully automated process designed to fit within existing electronic workflow
Trades conducted
on-exchange under the
rules of the London Stock Exchange
Access to a broad and diverse universe of liquidity provision, offering aggregated within one platform
On book, on-exchange activity with Central Counterparty Clearing (CCP)
Named and unnamed models available offering choice and control over counterparty selection
Functionality will
be supported for all
CCP-cleared order book
Equities, Depositary
Receipts and ETPs
Follows MiFID II
pre-trade transparency
rules
RFQ activity monitored by London Stock Exchange Market Surveillance
If you have any questions, please contact the London Stock Exchange Equity Team on
+44(020) 7382 7650 or lse-enquiry@lseg.com