Stock Exchange Automatic Execution Facility

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  • Financial Institutions and Services
  • Accounting


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A computerized system used on the London Stock Exchange to enable a broker to execute a transaction through an SAEF terminal, which automatically completes the bargain at the best price with a market maker, whose position is automatically adjusted. The price of the transaction is then automatically recorded on a trading report and also passes into the settlement system.

Subjects: Financial Institutions and Services — Accounting.

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