unlisted securities market


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Unlisted Securities Market

n
(Stock Exchange) a market on the London Stock Exchange, established in 1980 and discontinued in 1996, for trading in shares of smaller companies, who did not wish to comply with the requirements for a full listing. Abbreviation: USM
Translations

unlisted securities market

nFreiverkehr m
References in periodicals archive ?
Meanwhile, the Unlisted Securities Market, set up in 1981 to trade shares of smaller companies, has been replaced by the Alternative Investment Market.
An active adviser to companies seeking capital on the Unlisted Securities Market and its successor, the Alternative Investment Market, English Trust had a minor, temporary setback in 1997, when Spence and a fellow director were fined and reprimanded by the Securities and Futures Authority for failing to exercise due diligence in relation to a USM placing.
This secured a listing on London's small stock market, the unlisted securities market. Later, when the USM was abolished, Gresham moved up to main market.