UK Trader's Bible by Connolly, Dominic -- Read -- Imperial Library of Trantor

Index

Cover Publishing details About the author Acknowledgements Preface Introduction Section 1: How The UK Stock Market Works

The Modern Stock Market

The markets London Stock Exchange trading platforms Important listing rules Retail Service Providers (RSPs) Institutional crossing Stock lending and borrowing

London Stock Exchange Trading Platforms

SETS SEAQ SETSmm SETS and SETSmm auctions SEATS Plus

Share Certificates and CREST Contracts For Difference Spread Betting Other Trading Instruments

Universal Stock Futures (USFs) Exchange Traded Funds (ETFs) Covered warrants Benchmark Certificates LyxOR Gold Bullion Securities (GBS) American Depositary Receipts (ADRs)

Portfolio/Basket Trading

Principal portfolio trading Agency portfolio trading Futures and index arbitrage Equity block trades and bought deals

Section 2: Trading Notes & Strategies

Daily Diary

Basic structure of the UK trading day 07.00-08.00: Pre-market preparation Forward diary of announcements 07.50-08.00: Opening auction 08.00: Market open 08.00-16.30: Continuous trading Philadelphia Stock Exchange Semiconductor Index (SOX) 14.30: US markets open 16.30-16.35: Closing auction After market trade reporting 18.30: RNS closes News

Trading The UK Market On Margin

CFD providers’ shareholdings

Company Watch

Company news Company statements Court cases and Cause Lists Dividends Share splits and consolidations Stock buy-backs IPOs and conditional dealings Public offers, placings and rights issues Equity lines of credit Directors’ dealings Broker upgrades and downgrades

Market Watch

Auction imbalances Following the clever money Meetings and resolutions Volatility and VIX

Event Opportunities

Lock-up expiries Index reviews, re-weightings and investability changes Sector switches and re-ratings Credit rating changes Futures and options expiries

Market Neutral Strategies

Pairs trading Balance sheet arbitrage Convertible bond arbitrage Dual listed shares and cross border arbitrage

Takeovers

The Takeover Code Offer period When an announcement is required Types of announcement Bid timetable Regulatory issues Mandatory offers Dealings and transactions Schemes of arrangement Substantial Acquisition Rules (SARs) Tender offers Partial offers Comparison of offer types The regulators Inducement fees and break fees Due diligence Transaction types Risk arbitrage – analysis of a situation Financing Competing offers Event failure Acceptances Protection from siege warfare Greenmail Offer obligations Stub equity Accounting changes MBOs Triple net asset value (property assets) Online M&A resources

Appendices

Glossary Directory of online stockbrokers Directory of CFD brokers Directory of spread betting firms Trading resources Stock codes

EPIC TIDM SEDOL CIN ISIN

Trade codes Market maker codes Stock indices – UK

FT Ordinary Share Index (FT 30) FTSE 100 FTSE 250 FTSE 350 FTSE Small Cap FTSE All-Share FTSE Fledgling FTSE TMT FTSE techMARK All-Share FTSE techMARK 100

Stock indices – International

Dow Jones Industrial Average Index (DJIA) Standard & Poor’s 500 (S&P 500) NASDAQ 100 Nikkei 225 TOPIX Hang Seng CAC 40 DAX

Shell companies