Trading rules

Market Rules: London Stock Exchange (LSE)

Keytrade Bank offers online access to the SETS (Stock Exchange Trading System).

The Stock Exchange Trading System - SETS is an electronic limit order book used to trade blue-chip stocks including all FTSE 100 and all UK FTSE Eurotop 300 stocks plus those with traded options.


Opening times
The London Stock Exchange is open from 8 am until 4.30 pm CET

On the Sets the continuous trading period is preceded by a 10 minutes auction time and by a 5 minutes time auction closing period.

Type of order allowed:
  1. Limit order

    an order submitted to our trading system with a specified size and price which is either held on our trading system or executes, either in part or in full, against eligible orders with any remaining unexecuted portion being added to the order book.

Stamp-duty

On buy orders on the London Stock Exchange there is a stamp duty of 0,50% of the nominal amount.

Duration of the validity of orders

It is possible to specify how long placed orders are to remain valid. There are two possibilities:

  • Day: Your order will be valid for that day only. If it is not executed, it will be automatically cancelled. In case you entered a day order after closure of the stock exchange, your order will be valid the next trading day.
  • GTC (Good Till Cancelled): Your order will be valid for 1 month.
    The orders can be cancelled by you, the stock market or Keytrade Bank.

Remark:

When a day order partially gets executed during a trading day, the remaining part that has not been executed yet will be cancelled at the end of the day. If you want the remaining part to be traded, you will have to enter a new order for the remaining part. For this new order a transaction fee will be counted. When placing a GTC order the remaining part of the order will still be valid on the market until it will be executed or cancelled. In this case you only pay one transaction fee, regardless the number of partial executions. Orders can be cancelled either by you, by the exchange or by Keytrade Bank.

Remark 2:

If you wish to use the revenue of a sell, you must take into account the value date of the generated cash.

Value dates per market:

Euronext (Brussels, Amsterdam, Paris) D+3
London stock exchange D+3
Milan D+3
Xetra (Franckfurt) D+2
Switzerland D+3
US markets D+3
European options D+1
US options D+1
Funds D+3 (the value date is
stipulated by the issuer)
Bonds D+3
Currency exchange D+2