Terminology

SETS

Most liquid LSE stocks.

SEAQ

Less liquid LSE stocks.

Mid

Average of the bid and offer.

Open

The first ‘reliable’ price for the day.

 

LSE SETS: The first uncrossing price or, failing

 

that, first automatic trade.

 

LSE SEAQ: Mid price when the market opens.

 

Other markets: First Trade

 

FTSE 100, 250, 350 & SmallCap indices: Value three

 

minutes after the open.

 

Other Indices: First quote.

High

LSE SETS: Highest trade during market hours.

 

LSE SEAQ: Highest mid price during market

 

hours.

 

Other markets: Highest trade during market hours.

 

S&P Indices: Index calculated on the highest

 

values of constituents.

 

Other Indices: Highest Value.

Low

The opposite of the High calculations.

Close

Last price of the day.

 

LSE calculate and distribute this value. Their

 

calculation method is complex.

 

Other markets: Last trade before the market

 

closes.

 

Indices: Last value.

Volume

Number of shares traded that day. Because

 

of delayed trades this figure can change for

 

several subsequent days.

Delayed

Trades are normally reported within 60 seconds but big

trades

trades and some other trades can be delayed for hours

 

or days.

OHLCV

Open, high, low, close & volume over a fixed time

 

period.

Candlesticks

A Japanese method of representing OHLC information.

VWAP

Volume weighted average price.

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Ionic Pro Pro, Plus manual Sets

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