[BIM56820] Financial traders – instruments and shares: regulated dealers
How shares and other financial instruments are bought and sold
The actual trading of quoted shares by passing ownership from one person to another takes place on the London Stock Exchange (LSE) through two computerised systems known as SETS (‘Stock Exchange Electronic Trading Services’) and SEAQ (‘Stock Exchange Automated Quotation System’). A person needs to be a member of the LSE to have immediate direct access to buying and selling shares, and such persons are required to abide by the LSE's rules and be regulated by the Financial Conduct Authority (FCA).
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