UK Institutions Submit Formal Complaints Against London's Order-Driven System
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LONDON--The London Stock Exchange has begun studying investors' and brokers' comments on its order-driven electronic trading system, which are being submitted in response to a survey that assessed the early performance of the Stock Exchange Trading Service, or SETS. In the six months since SETS was launched, institutions have become increasingly vocal about its shortcomings, and many of them have entered those criticisms in their responses.
The exchange says it will make the results public early
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