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.
One of the challenges faced at SAEF II was protecting the roadway that ran along the west and north sides of the structure.
BZW launched TRADE, an automatic order-entry system for retail brokerage, in the summer of 1988, seizing an opportunity created by repeated delays in the Stock Exchange's own automatic order-entry system, SAEF.