Retail Service Provider

Retail Service Provider (RSP) became the new name for market makers back in 1997.

Most deals for private investors are still done in the traditional way using retail service providers (RSPs), who provide quotes for deals. They are required to match the best buying and selling prices on the order book.

Be warned, while RSPs have to match the best prices quoted for deals done on five-day settlement, they could quite legitimately quote worse prices for longer settlement times which include the vast majority of deals done using share . However, the advent of online share dealing has rendered this less important.

Companies contactable through the London Stock Exchange's RSP gateway include Evolution Securities, HSBC, Investec Bank, Shore Capital and Teather & Greenword.

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We present information which we obtain from independent sources and do not give financial advice. You should check rates and terms with the product provider. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.