Page Summary
The Stock Exchange Automated Quotation (SEAQ) system enables its users to trade small-cap London Stock Exchange-enlisted stocks. Stocks can be traded via SEAQ when they have at least two market-makers. Users cannot trade new stocks with SEAQ and only trade AIM stocks with low liquidity. Market-makers made the system without a public limit order book.
The SEAQ’s goal is to always provide trading opportunities and to lower bid-ask spreads because of the competition between market-makers. At the moment spreads are high on SEAQ as liquidity is lacking. The SEAQ isn’t MiFID compliant but a multilateral trading facility instead. The SETSqx system replaced the SEAQ system in 2007. This new system displays all participants’ limit orders.
Disclaimer
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…