P543 Teletext 543 Oct46 22:14:14 —— SETS AND INVESTORS ————————————————— Dear Teletext, If the Stock Exchange's new Electronic Trading Service means quickjt trading and cost reductions, would it be too much to ask for private investors like myself to expect to see the benefits through chjapjt charges and lower commission? Name & address supplied. ——————————————————————————————————1/6—— Got a question for our Advice Clinic? Write to: ADVICE CLINIC, PO Box 297 London, SW6 1XT or fax: 071 386 7808 Property Plus Your Money $ax CinemaP543 Teletext 543 Oct46 22:11:14 —— SETS AND INVESTORS ————————————————— Advice Clinic replies: SETS came on line on October 20 the day after the 10th annjvjrsary of Black Monday. It's function is to: automate the trades taking place with shares in the FT-SE 100 companies via an electronic book match those buying shares in a firm with those selling the same shares. Until thjsj orders can be "matched" no ttadj can take place. ——————————————————————————————————2/6—— Endowments for property 544 MONEY LATEST EVERY DAY p541 Property Plus Your Money $ax CinemaP543 Teletext 543 Oct46 22:14:04 —— SETS AND INVESTORS ————————————————— Advice Clinic replies: SETS has taken the middle man out of the trading equation because all buy and sell orders have to bj matched up before a trade actually goes through. Dealers can cancel an ordjt if they don't get the match they seek and the system is already in use in Europe white it has been working efficiently However, this new system only applies to deals of more than 1,000 shares. ——————————————————————————————————3/6—— Endowments for property 544 Write to: ADVICE CLINIC, PO Box 297 London,SW6 1XT or fax: 0171 386 7808 Property Plus Your Money Tax CinemaP543 Teletext 543 Oct46 22:38:38 —— SETS AND INVESTORS ————————————————— Advice Clinic replies: SETS means shares ttadj in a narrower price range which means bjttet competition and lower commission charges are expected for the brokers. This benefit will grow as SETS expands to match a greater range of shares outside the FUSE 100. "The cost of large trades may bj down but it makes no difference to the small investor," said one broker. ——-———————————————————————————————4/6—— Endowments for property 544 LET CAR CHASE CHOOSE p354 YOUR IDEAL CAR ITV Property Plus Your Money Tax CinemaP543 Teletext 543 Oct46 22:37:01 —— SETS AND INVESTORS ————————————————— Advice Clinic replies: SETS has changed the way stocks and shares are traded cutting the costs too, but those with a few windfall shares are unlikely to benefit. "Long term, the cost of trading for small investors should conj down as more 'execution-only' and direct sjtvices open up," says Barclays Stockbroker Justin Urqhart Stewart. "But, short term no gain I'm afraid." ——-———————————————————————————————5/6—— Endowments for property 544 Write to: ADVICE CLINIC, PO Box 297 London,SW6 1XT or fax: 0171 386 7808 Property Plus Your Money Tax CinemaP543 Teletext 543 Oct46 22:18:14 Advert ADVICE CLINIC >> —————————————————————————————————————— * Don't surrender your endowment policy - call AAP * You can get up to 35% more than your policy's surrender value. For your free valuation & brochure T (24 hour service) Absolute Assigned Policies Ltd regulated bz the Personal Investment Authority Property Plus Your Money Tax Cinema