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{{Short description|Stock exchange located in Luxembourg}}{{Cleanup|reason=Some sources need to be rewrote using (Help:Footnotes|footnotes); etc.|date=March 2017}}

factoids

|founded = 5 April 1928|owner = Société de la Bourse de Luxembourg S.A.Chair (official)>Chairman) Julie Becker (CEO)|listings = 36.615 (December 2016)|mcap = |volume = |indexes = LuxX Index, Lux General Price, Lux GDRs India, Lux GDRs Taiwan, Lux RI Fund Index|homepage = bourse.lu|subsid = Fundsquare|footnotes = }}The Luxembourg Stock Exchange, LuxSE () is based in Luxembourg City at 35A boulevard Joseph II.The chairman of the board is Alain Kinsch HTTPS://WWW.BOURSE.LU/PR-LUXSE-RECORD-RESULTS-AND-NEW-CHAIRMAN >TITLE=LUXSE REPORTS RECORD RESULTS FOR 2021 AND ANNOUNCES ALAIN KINSCH AS NEW CHAIRMAN, 2023-01-03, and the chief executive officer is Julie Becker.HTTPS://WWW.BOURSE.LU/PR-LUXSE-FINANCIAL-RESULTS-2020 >TITLE=LUXEMBOURG STOCK EXCHANGE PRESS RELEASE, 2021-04-21, The exchange has pre-opening sessions from 7:15{{nbsp}}am to 9:00{{nbsp}}am and normal trading sessions from 9:00{{nbsp}}am to 5:35{{nbsp}}pm from Monday to Friday included, except for holidays declared by the Exchange in advance.WEB,www.bourse.lu/closing-days, Opening hours and closing days, www.bourse.lu, 26 April 2018, live,web.archive.org/web/20171223095127/https://www.bourse.lu/closing-days, 23 December 2017, On 23 August 2023, the company formed EuroCTP as a joint venture with 13 other bourses, in an effort to provide a consolidated tape for the European Union, as part of the Capital Markets Union proposed by the European Commission.

History

A law establishing a stock exchange in Luxembourg was passed on 30 December 1927.[3] The company was incorporated as Société Anonyme de la Bourse de Luxembourg on 5 April 1928{{cn|date=July 2023}}, with an initial issue of 7,000 shares, each valued at 1000 francs.(French)/(German) “Mémorial A, 1928, No. 23” (PDF). Service central de législation. Retrieved 2007-08-18 {{verify source |date=November 2020 |reason=This ref was deleted Special:Diff/975122400 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/969280090 cite #2 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}[10]In March 2014, LuxSE moved to its new headquarters – the Aurora building– erected in line with the green construction concept.WEB, History,www.bourse.lu/history, 2020-07-22, www.bourse.lu, In 2015, the exchange celebrated the 10th anniversary of its Euro MTF Market.

Agreements with other exchanges

In November 2000, LuxSE signed a cooperation agreement with Euronext.WEB, Yumpu.com, Bourse de Luxembourg - paperJam,www.yumpu.com/en/document/read/41249118/bourse-de-luxembourg-paperjam, 2020-07-22, yumpu.com, en, As part of the agreement, trades in Luxembourg are generated through Euronext’s Universal Trading Platform (UTP) allowing existing Euronext members to activate a cross-membership status on LuxSE.On January 13, 2020 Chongwa (Macau) Financial Assets Exchange Co., Ltd. and the Luxembourg Stock Exchange signed a memorandum of understanding on cooperation in Macau . The two parties will carry out two-way bond listing, assets and investment funds and other cooperation to promote cross-border investment and offshore Liquidity in the RMB bond market.

Exchange members

As of August 2016, the LuxSE has 53 members of which 28 have a trading status. There are nine approved market makers.

Bonds

The Luxembourg Stock Exchange specialises primarily in the listing of international bonds, in which it ranks first in Europe with 25,831 debt securities listed as of August 2016.[2] In 1963, with the issue of Italian Autostrade bonds, it became the first exchange globally to list a Eurobond, an international bond denominated in a currency not native to the country where it was issued.WEB,www.bourse.lu/luxembourg-stock-exchange-history, Luxembourg Stock Exchange | History, 2014-10-29, live,web.archive.org/web/20141224121607/https://www.bourse.lu/luxembourg-stock-exchange-history, 2014-12-24, WEB, History,www.bourse.lu/history, 2020-07-22, www.bourse.lu, {{verify source |date=November 2020 |reason=This ref was deleted Special:Diff/975122400 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/969280090 cite #3 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}[2] To this day, Luxembourg has maintained a dominant position in European bond issues with approximately 40% of all cross-border securities in Europe listed in Luxembourg.“Luxembourg Stock Exchange” (PDF). PricewaterhouseCoopers. Retrieved 2014-10-29.WEB, History,www.bourse.lu/history, 2020-07-22, www.bourse.lu, {{verify source |date=November 2020 |reason=This ref was deleted Special:Diff/975122400 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/969280090 cite #4 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}[3]Over 70 countries list at least some of their sovereign debt in Luxembourg. Luxembourg is also a preferred debt market for supranational entities such as the European Bank for Reconstruction and Development, European Commission, European Investment Bank and World Bank.[2]In 2007, the LuxSE was the first stock exchange in the world to list a bond labelled green, i.e. a “climate awareness bond” “LuxSE Lists EIB CAB as its 100th Green Bond and Confirms its International Leader Position”, European Investment Bank, 2016-02-19.WEB, Yumpu.com, Bourse de Luxembourg - paperJam,www.yumpu.com/en/document/read/41249118/bourse-de-luxembourg-paperjam, 2020-07-22, yumpu.com, en, {{verify source |date=November 2020 |reason=This ref was deleted Special:Diff/975122400 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/969280090 cite #5 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}[4] issued by the European Investment Bank. In 2015, the Exchange listed green bonds worth $11.7 billion, followed by a $9.6 billion-worth issuance in the first seven months of 2016.

Luxembourg Green Exchange

In September 2016, LuxSE became the first stock exchange globally to introduce a platform for green financial instruments – the Luxembourg Green Exchange (LGX). LGX gathers issuers that dedicate 100% of the raised funding to green investments. It requires green securities to adhere to strict eligibility criteria, including:

• Declaring the security green, based on the ICMA GBPWEB,www.icmagroup.org/Regulatory-Policy-and-Market-Practice/green-bonds/green-bond-principles/, Green Bond Principles, www.icmagroup.org, 26 April 2018, live,www.icmagroup.org/Regulatory-Policy-and-Market-Practice/green-bonds/green-bond-principles," title="web.archive.org/web/20170605024909www.icmagroup.org/Regulatory-Policy-and-Market-Practice/green-bonds/green-bond-principles,">web.archive.org/web/20170605024909www.icmagroup.org/Regulatory-Policy-and-Market-Practice/green-bonds/green-bond-principles, 5 June 2017, or CBIWEB,www.climatebonds.net/standards/taxonomy, Taxonomy, Climate Bonds Initiative, 26 April 2018, dead,web.archive.org/web/20180419191929/https://www.climatebonds.net/standards/taxonomy, 19 April 2018, taxonomy, or equivalent. During the application process the issuer has to clearly state the intended green nature of the security.
• Use of proceeds. Clear disclosure that the proceeds are exclusively used for financing or refinancing projects that are 100% green, according to the GBP or CBI eligibility taxonomy.
• Ex-ante review and ex-post reporting. Issuer’s commitment to provide both independent external review External review prior to listing is accepted in one or more of the following forms: second opinion, certification, verification, rating report. It is used, amongst others, to assess the use of proceeds, the selection/assessment process, as well as the management of proceeds. and ex-post reporting.Ex-post reporting will be requested on a qualitative and/or quantitative basis as from the 12th month after listing of a green bond. Suggested frequency for ex-post reporting is once per year.

As of January 2017, LGX displays green securities worth over EUR 45 billion, including the world’s first sovereign green bond issued by the Republic of Poland. As of January 2018, LGX accounted for 50% of the world’s green bond market, which represent 1% of the global debt market.WEB,www.the-businessreport.com/article/the-luxembourg-green-exchange-lists-50-of-the-worlds-green-bonds/, The Luxembourg Green Exchange lists 50% of the world’s green bonds, The Business Report, 22 January 2018, 22 January 2018, live,www.the-businessreport.com/article/the-luxembourg-green-exchange-lists-50-of-the-worlds-green-bonds/," title="web.archive.org/web/20180426214549www.the-businessreport.com/article/the-luxembourg-green-exchange-lists-50-of-the-worlds-green-bonds/,">web.archive.org/web/20180426214549www.the-businessreport.com/article/the-luxembourg-green-exchange-lists-50-of-the-worlds-green-bonds/, 26 April 2018,

Equities

The Luxembourg Stock Exchange’s main equity index is the LuxX Index – a weighted index of nine most valuable stocks by free float market capitalisation.[9] The index was fixed at 1,000 on 4 January 1999, the first trading day after Luxembourg adopted the Euro.“Luxembourg LuxX Index”. Bloomberg. Retrieved 2007-08-19.WEB,www.climatebonds.net/standards/taxonomy, Taxonomy, Climate Bonds Initiative, 26 April 2018, dead,web.archive.org/web/20180419191929/https://www.climatebonds.net/standards/taxonomy, 19 April 2018, {{verify source |date=November 2020 |reason=This ref was deleted Special:Diff/975122400 by a bug in VisualEditor and later restored by a bot from the original cite located at Special:Permalink/969280090 cite #11 - verify the cite is accurate and delete this template. User:GreenC bot/Job 18}}[9] The nine companies currently composing the listing are:{{LuxX table}}

Footnotes

{{Reflist}}

External links

• weblink
• {{in lang|fr}} www.legilux.public.lu/leg/textescoordonnes/recueils/place_financiere/ch_4.pdfpage=317" title="web.archive.org/web/20080410035128www.legilux.public.lu/leg/textescoordonnes/recueils/place_financiere/ch_4.pdfpage=317">Coordinated text of statutes of the Luxembourg Stock Exchange

{{Luxembourg topics}}{{World Federation of Exchanges}}{{Authority control}}{{Coord|49|36|45.26|N|06|07|40.59|E|type:landmark|display=title}}