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| Bourse de Luxembourg Bourse vu Lëtzebuerg Börse Luxemburg | |
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| Type | Stock Exchange |
|---|---|
| Location | Luxembourg City, Luxembourg |
| Coordinates | 49°36′46.0″N06°07′14.5″E / 49.612778°N 6.120694°E /49.612778; 6.120694 |
| Founded | 5 April 1928 |
| Owner | Société de la Bourse de Luxembourg S.A. |
| Key people | Alain Kinsch(Chairman) Julie Becker(CEO) |
| No. of listings | 36.615 (December 2016) |
| Indices | LuxX Index, Lux General Price, Lux GDRs India, Lux GDRs Taiwan, Lux RI Fund Index |
| Website | https://www.luxse.com/ |
TheLuxembourg Stock Exchange (LuxSE;French:Bourse de Luxembourg) is based inLuxembourg City at 35A boulevard Joseph II.
Thechairman of the board is Alain Kinsch[1] and thechief executive officer is Julie Becker.[2]
A law establishing a stock exchange in Luxembourg was passed on 30 January 1927.[3] The company wasincorporated asSociété Anonyme de la Bourse de Luxembourg on 5 April 1928,[3] with an initial issue of 7,000shares, each valued at 1000francs.[4][10]
In March 2014, LuxSE moved to its new headquarters – the Aurora building– erected in line with thegreen construction concept.[5]
In 2015, the exchange celebrated the 10th anniversary of its Euro MTF Market.[5]
In November 2000, LuxSE signed a cooperation agreement withEuronext.[6] 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, 2020Chongwa (Macau) Financial Assets Exchange Co., Ltd. and the Luxembourg Stock Exchange signed amemorandum 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.
On 23 August 2023, the company formedEuroCTP as a joint venture with 13 other bourses, in an effort to provide aconsolidated tape for theEuropean Union, as part of theCapital Markets Union proposed by theEuropean Commission.
As of August 2016, the LuxSE has 53 members of which 28 have a trading status. There are nine approved market makers.[6]
The Luxembourg Stock Exchange specialises primarily in the listing of internationalbonds, in which it ranks first in Europe with 25,831 debtsecurities listed as of August 2016.[2] In 1963, with the issue of ItalianAutostrade bonds, it became the first exchange globally to list aEurobond, an international bond denominated in a currency not native to the country where it was issued.[7][8][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.[9][10][3]
Over 70 countries list at least some of theirsovereign debt in Luxembourg. Luxembourg is also a preferred debt market for supranational entities such as theEuropean Bank for Reconstruction and Development,European Commission,European Investment Bank andWorld 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"[11][12][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.
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:
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.[17]
The Luxembourg Stock Exchange's main company shares index is theLuxX Index – a weighted index of nine most valuable stocks by free floatmarket capitalisation.[9] The index was fixed at 1,000 on 4 January 1999, the first trading day after Luxembourg adopted theEuro.[18][19][9] The nine companies currently composing the listing are:
| Company | Industry | Country | Weighting |
|---|---|---|---|
| Aperam ne | Metals |  LUX | 15.82% |
| ArcelorMittal | Steel | LUX | 20.04% |
| Brederode | Investment | LUX | 4.56% |
| Luxempart | Investment | LUX | 3.69% |
| Reinet Investments | Investment | LUX | 14.40% |
| RTL Group | Media | LUX | 20.63% |
| SES | Telecommunications | LUX | 19.55% |
| Socfinaf | Resource extraction | LUX | 0.68% |
| Socfinasia | Resource extraction | LUX | 0.59% |
| Source: Luxembourg Stock Exchange[20] | |||
The exchange has pre-opening sessions from 7:15 am to 9:00 am and normal trading sessions from 9:00 am to 5:35 pm from Monday to Friday included, except for holidays declared by the Exchange in advance.[21]
| International | |
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| National | |
49°36′45.26″N06°07′40.59″E / 49.6125722°N 6.1279417°E /49.6125722; 6.1279417
