Luxembourg Stock Exchange
The Luxembourg Stock Exchange is the main listing centre of international bonds, equities and investment funds. It was created in 1927.
The Exchange offers a choice of two markets, the main EU-regulated market (the BdL market) and an exchange-regulated market (the Euro MTF). The BdL market is EU regulated and issuers are subject to the requirements of the Prospectus and Transparency Obligation Directives; while the Euro MTF is outside the scope of the Prospectus and Transparency Obligation Directives, it is an exchange-regulated market and is a Multilateral Trading Facility in accordance with the MiFID Directive.
On 9 March 2009 the Luxembourg Stock Exchange successfully migrated all securities listed on its two markets, the regulated market and the Euro MTF market, to the Universal Trading Platform or UTP of NYSE Euronext.
Securities are traded on the Trading Platform either continuously for securities that are liquid enough or for securities with a market maker willing to accept certain obligations or, when they are less liquid, by auction.
Trading on the markets of the Exchange can only be carried out through an approved “Trading Member Firm”. Becoming a member of the Luxembourg Stock Exchange is a straightforward process and is made up of three steps: the application request; access to markets phase and post-trade.
The Exchange offers a choice of two markets, the main EU-regulated market (the BdL market) and an exchange-regulated market (the Euro MTF). The BdL market is EU regulated and issuers are subject to the requirements of the Prospectus and Transparency Obligation Directives; while the Euro MTF is outside the scope of the Prospectus and Transparency Obligation Directives, it is an exchange-regulated market and is a Multilateral Trading Facility in accordance with the MiFID Directive.
On 9 March 2009 the Luxembourg Stock Exchange successfully migrated all securities listed on its two markets, the regulated market and the Euro MTF market, to the Universal Trading Platform or UTP of NYSE Euronext.
Securities are traded on the Trading Platform either continuously for securities that are liquid enough or for securities with a market maker willing to accept certain obligations or, when they are less liquid, by auction.
Trading on the markets of the Exchange can only be carried out through an approved “Trading Member Firm”. Becoming a member of the Luxembourg Stock Exchange is a straightforward process and is made up of three steps: the application request; access to markets phase and post-trade.