Bourse de Luxembourg - paperJam

More documents

Recommendations

Info

Trading-related and other informationtechnology servicesTrading on EuronextThe cooperation agreement signed with Euronext in November 2000 hasbrought the Luxembourg Stock Exchange to offer to its members a tradingsolution with a direct access to Euronext.The solution itself represents a competitive advantage in respect offinancial terms, future developments and related services.Reporting of tradesUnder the Grand-Ducal regulation of December 23, 1999, investment firmshave the obligation to electronically report to their regulatory bodies all thetrades which they have executed in securities traded in a regulated marketbased in a Member State of the EEE.The Luxembourg Stock Exchange has offered since 2000 an electronicfacility used by credit institutions and brokerage companies, whether ornot they are members of the Stock Exchange, to report their trades in asecured manner to the regulatory bodies such as the CSSF.Backup solutionsThanks to its expertise in the development of IT services, the LuxembourgStock Exchange is also well placed to offer its customers backup solutionsfor a majority of products for which it ensures the service.30FactBook 2004
International operationsEnhancing the Stock Exchange’s International PresenceIn addition to the line of services which its renders to the domestic marketoperators, the Luxembourg Stock Exchange conducts internationallyoriented activities.Following its agreement with Euronext, the Luxembourg Stock Exchangeplans to implement a modern platform for providing cross access to itsown market and to the Euronext markets not only to resident memberfirms, but also to financial institutions throughout Europe.As far as its listing operations are concerned, the Stock Exchange hascontinued to enhance its position in the international capital markets byconstantly upgrading its working environment. In so doing, and inparticular through the web-based systems which it has developed, theStock Exchange will provide for high-technology and smooth screeningand processing of the listing applications and of all the relateddocumentation communicated by the professionals.For a number of years, the Luxembourg Stock Exchange has been amember of SIIA (Software and Information Industry Association) and of theAssociation’s Financial Information Services Division. This enables theStock Exchange not only to enhance its own programme of data vendingproducts, but also to be involved in the reflections conducted by thefinancial data industry at large.The Luxembourg Stock Exchange actively takes part in the meetings andreflections of both the Federation of European Securities Exchanges and theWorld Federation of Exchanges. It also is an associate member of IOSCO.Furthermore, the Stock Exchange pays attention to the current and expectedchanges to the legal and regulatory EU framework governing the securitiesindustry. In this respect, it ensures to be adequately represented so as to airits views in the forums and bodies dealing specifically with all the draftdirectives and regulations impacting the Stock Exchange’s key activities.Another segment is overall cooperation with foreign stock exchanges.The Luxembourg-listed securities originate from a variety of jurisdictionswith which some form of cooperation can be established for anappropriate exchange of information on the securities in question,including corporate actions, stock events. This has already taken the formof a Memorandum of Understanding with the Hong Kong Exchanges andClearing Limited. The Luxembourg Stock Exchange is prepared to enterinto similar agreements with other stock exchanges for serving the samepurposes and thereby contributing to improved market efficiency.More generally the Luxembourg Stock Exchange participates in a variety ofeconomic missions conducted by the Luxembourg Chamber of Commercewhen such missions target a country or region of particular interest.31FactBook 2004
Page 1: FactBook 2004
Page 5: ContentsIntroduction2003 Key events
Page 8 and 9: 2003 Key eventsOrganisationThe Luxe
Page 10 and 11: Set-up of the Exchange Portal “e-
Page 12 and 13: June 11, 2003Semi-annual general as
Page 14 and 15: May 18, 2003Mr. François BILTGEN,
Page 16 and 17: OrganisationBodies of theLuxembourg
Page 18 and 19: Stock Exchange CommitteeMessrsFran
Page 20 and 21: Listing proceduresListing rulesThe
Page 22 and 23: Visa, listing and maintenance fees
Page 24 and 25: General:The maximum term to be take
Page 26 and 27: The marketTrading mechanismThe Luxe
Page 28 and 29: MembershipGuidelines for membership
Page 30 and 31: Stock Exchange membersCredit instit
Page 32 and 33: ServicesIn an environment increasin
Page 36 and 37: PublicationsPeriodicals• The Luxe
Page 38 and 39: 2004 Exchange holidaysThursday Janu
Page 40 and 41: History1927 December 30 Law concern
Page 42 and 43: Laws and regulationsProvisions gove
Page 44 and 45: July 1 CSSF 03/104 Circular: supple
Page 46: 1996 December 13, 14 The Dublin Sum

Bourse de Luxembourg - paperJam

Create successful ePaper yourself

Delete template?

Save as template?