Stock Exchange Automatic Execution Facility

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Stock Exchange Automatic Execution Facility

Also called the SAEF. An electronic system for trading securities on the London Stock Exchange. A broker enters an order in a terminal and it is executed immediately by the relevant market maker. See also: SEAQ.
References in periodicals archive ?
The contracting officer may issue the solicitation for the non-excepted activity contract (but not award) using the SAEF authority, as long as the KO satisfies the conditions of AFARS 5101.
Appendix A Authority for Contract Actions in Advance of Appropriations CONTRACT CLAUSE/AUTHORITY CONTRACT OAF PHASE SAF (146) SAEF (147) Deviation (148) Solicitation X X X Award X X Obligation X Disbursement