Brief: LSE's SETSmm service goes live

Brief: LSE's SETSmm service goes live

SETSmm, the London Stock Exchange's (LSE) hybrid trading service for mid-cap securities, has gone live.

SETSmm is a trading service for FTSE 250 securities currently traded on SEAQ, as well as other qualifying securities.

It is an electronic order book based on Sets with the added support of continuous liquidity provision from registered market makers.

The LSE has registered 31 market makers that will support the 200 stocks traded on SETSmm, with each traded security having at least five registered market makers available.

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