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May 31, 1998

Order, please

Teething problems with Sets - the London Stock Exchange's order-driven, electronic trading system

They should have known from the start. As Gordon Brown, the UK's chancellor of the exchequer, officially opened the London Stock Exchange's electronic order book last October, the prices on the screen turned red behind him. The red signalled falling prices attributable to uncertainty over the UK's policy on the euro. Still, it wasn't the launch image the LSE would have liked. Indeed, the new trading system's image has been largely in freefall ever since. The Stock Exchange Electronic Trading

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