Main market
The London Stock Exchange's principal market for listed companies from the UK and overseas. The securities need to be admitted to the Official List by the UK Listing Authority (UKLA), a division of the Financial Services Authority if they are to trade on the main market.
Management fee
The charge levied by an external investment manager for the management of a company. It is usually charged annually, and may consist of a fixed fee and/or a performance related fee.
Market capitalisation
The stock market value of a company as determined by multiplying the number of shares in issue by the price of the shares.
Market makers
Those who trade in the market as principals, and create a market in a specific stock by quoting prices at which they will buy or sell on demand.
Mid-market price
A price calculated as the mid point between the bid and offer prices. See share price. The mid-market price is used to calculate the discount, yield and share price performance data on this website.
