Cunobelinus
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I don't know if this is the right place to post this as I am new to this site. Apologies if I've got it wrong.
However, I was wondering if anyone could help me find some material that explains exactly what the different trade types on the LSE mean. There is a glossary on the LSE website (which seems to have been reproduced verbatim on a number of other trading sites) but it's not particularly illuminating!
The transaction types I'm struggling most with are 'P' and 'R' - which apparently stand for 'Protected Portfolio Transaction' and 'Riskless Principal Transaction at a different price', respectively. Also what is this difference between trade type UT (Uncrossing Trade - following a SETS auction) and X (Cross at the same price)?
Can anyone suggest where the answers might be found?
However, I was wondering if anyone could help me find some material that explains exactly what the different trade types on the LSE mean. There is a glossary on the LSE website (which seems to have been reproduced verbatim on a number of other trading sites) but it's not particularly illuminating!
The transaction types I'm struggling most with are 'P' and 'R' - which apparently stand for 'Protected Portfolio Transaction' and 'Riskless Principal Transaction at a different price', respectively. Also what is this difference between trade type UT (Uncrossing Trade - following a SETS auction) and X (Cross at the same price)?
Can anyone suggest where the answers might be found?