The SETS screen

• GSK The EPIC or Symbol (short code/name for the stock). This is a 3 or 4 digit code and is generally a derivative of its full name.
  
  
• Glaxosmithkline This is the name of the stock.
  
  
• Type of Share Quoted In this case its an Ordinary Share(ORD) issued at 25p
  
  
• NMS 100,000 This tells us that the normal market size (NMS) for this stock is 100,000 shares. It is calculated for every share in the market and is based on a percentage of that share's average daily customer turnover for the previous year. The percentage is intended to represent the normal institutional bargain. The percentage is set at 2.5 per cent. However, the NMS values of any security may be subject to change without prior notice. If we want to buy or sell more than NMS, we may have to buy or sell at worse prices than shown on the screen.
  
  
• Current price 1746 This is telling what the current price is - the current price is not calculated the same way as with SEAQ , which is a mid point calculation, the current price on SETS is based on the last AT trade, in this case the 2,600 trade at 1746p (14:45:43) The colour donates the current price compared with last night's close. Blue means up, Red means down and Green means no change.
  
  
• +10 (+0.6%) This is a calculation based on the current price compared to yesterday's closing price for this particular share. The current price is an additional 10p, or +0.6% on the day so far.
  
  
• Price Chg Last time the price changed was at 14:45
  
  
• Flags
  
  A - An announcement has been made and will appear on the RNS news service. In this case there are no announcements showing.
  
  X - Indicates the stock has gone ex-dividend. In this case there is an XD showing, which means it is now ex-dividend.
  
  
• Open: 1759.0 Hi 1761.0 Lo 1726.0. Today's opening price which can be the same as or higher or lower than last night's close. In this case it opened 5p lower than last nights close. The highest price today was 1761.0p. The lowest price so far today is 1726.0p.
  
  
• Mid A calculation based on the middle price between bid and offer
  
  
• Prev. Close 1736.0 The previous day's closing price.
  
  
• Trade Hi 1763.52 Trade Lo 1726.0
• These can be dealt with together. The highest price traded so far for these shares today is1763.52, the lowest is 1726.0.
  
  
• Trades: 2,155
• Total number of trades made so far today
  
  
• Vol Total number of shares that have traded so today is 7,686,046.
  
  
• Trades Column
  
  The top line of the trades list shows the most recent trades declared through the Stock Exchange.
  
  For example, the first line shows the price the stock was traded at (1746) and the trade code showing the type of trade AT (see Trade Types).The trade took place at 14:45. It was a transaction involving a volume of 2,600 shares. This trade will set the current price.