This is the only comprehensive UK-published guide to short-term trading, combining detailed reference information with the author's advice on strategy and tactics. Every serious trader in the UK needs this book - not a nice-to-have, but a must-have!The 10 key things you will learn:- Detailed description of the different trading platforms (SEAQ, SETS, SETSmm, SEATS Plus) on the London Stock Exchange.- How to deal inside the spread in market making stocks and get the best price.- How auctions work on the London Stock Exchange platforms.- The importance of direct market access for active traders.- The secrets of programme trading, index arbitrage and block deals.- How the cash, futures, lending and derivatives markets interact.- The secrets and risks of short selling.- Which directors' deals to follow and which are irrelevant.- How to make money from takeover situations.- Secret strategies from an established and successful trader.Index of figuresIndex of tablesAbout the authorAcknowledgementsPrefaceIntroductionSection 1: How The UK Stock Market WorksThe Modern Stock Market- The markets- London Stock Exchange trading platforms- Important Listing Rules- Retail Service Providers (RSPs)- Institutional crossing- Stock-lending and borrowingLondon Stock Exchange Trading Platforms- SETS- SEAQ- SETSmm- SETS and SETSmm auctions- SEATS PlusShare Certificates and CRESTContracts For DifferenceSpread BettingOther Trading Instruments- Universal Stock Futures- Exchange Traded Funds (ETFs)- Covered warrants- Benchmark Certificates- 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 dealsSection 2: Trading Notes & StrategiesDaily Diary- Basic structure of the UK trading day- 07.00-08.00: Pre-market preparation- 07.50-08.00: Opening auction- 08.00: Market Open- 08.00-16.30: Continuous Trading- Philadelphia Stock Exchange Semiconductol#S