Frustration In London Boils Over, Traders Tell LSE SETS Is Broken
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LONDON--Dissatisfaction has boiled over with the London Stock Exchange's six-month-old order-driven Stock Exchange Trading Service, or SETS, culminating in a letter UK buy-side firms sent to LSE officials earlier this year. The LSE's slow response to their concerns has only compounded the anger some money managers and institutional traders have expressed.
While the letter was sent to the LSE in January by the 25-member Institutional Dealers Association and was meant to be confidential, senior
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