001/21102015 /
Non-FTSE 350 Index equity securities selected for Minimum Quantity at Touch
Further to Service Announcement 001/07102015, issued 7 October 2015, confirming the deployment of Release 8.7 for London Stock Exchange on Monday 2 November2015, the purpose of this announcement is to inform participants of the scope of the introduction of Minimum Quantity at TouchforSETS equity securities outside the FTSE 350 index.
Minimum Quantity at Touch is applied attrading system sector level. During the regular trading session, incoming passive orders in applicable sectorsmust be at least 40% of the security’s ruling EMS (market maker obligation size) to set a revised Best Bid / Offer (BBO). For more information on Minimum Quantity at Touch and the sectors it applies to, please see the previously issued Factsheet that is available as a download at
The attached appendix sets out the securities that are expected to be in a Minimum Quantity at Touch sector, along with some necessary security sector changes to accommodate its introduction. They are summarised in the table below.
Start of Trading Monday 2 November 2015 /
- 288 securities that will be in a Minimum Quantity at Touch sector
- 127 securities that move to sectors that will not have Minimum Quantity at Touch in operation
- Changes to Millennium Exchange Business Parameters as a result of the introduction of Minimum Quantity at Touch
B
C
For more details of all of the Release 8.7 changes,please see the Overview of Release 8.7 enhancements Factsheet. This,along with all the Release 8.7 changes to the Millennium Exchange Business Parameters,is available in the Next Functional Release (8.7) section at the following link:
The final security moves for 2 November 2015 and any future change in a security’s sector to activate or deactivate Minimum Quantity at Touch will be confirmed by London Stock Exchange’s reference service Datasync and instrument reference data as normal.
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Relates to
Exchange(s)
—London Stock Exchange
Environment(s)
—Millennium Exchange Production Environment
Type
—Technical Update
Product(s)
—Millennium Exchange
Additional Information
If you have any business queries about this announcement please contact the LSE Equity Team on +44 20 7382 7650 or e-mail:
If you have any technical queries about this announcement please contact your Technical Account Manager on - 020 7797 3939 or e-mail: .
Millennium Exchange Business Parameters Document can be found at:
An archive of previously issued service announcements is available in the technical library section of London Stock Exchange's Internet site
Customers are reminded that London Stock Exchange may broadcast test data from its Production environment at the weekends which should be discarded and not processed.
Customers are reminded that London Stock Exchange may extend or re-enter the Post Close session for instruments or segments in order to perform necessary end of day activities.
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