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Luxembourg Stock Exchange Sees Continued Listing Growth
by Carla Johnson, Investors Offshore.com

03 January 2008

The Luxembourg Stock Exchange has announced that continued growth in new securities listings in 2007 underlines the Principality's ongoing status as one of the world's major financial centres.

According to the bourse's statistical report for 2007, 13,352 new securities were admitted to the official list, compared with 10,544 in 2006. The main segments of newly-listed securities were bonds (8,294 units), Luxembourg investment funds (1,393 units), warrants (3,624 units), and Global Depositary Receipts (25 units).

As at 31 December 2007, the Luxembourg Stock Exchange held 45,572 quotation lines (against 39,860 in 2006) on the two markets that it operates; the regulated market in accordance with European regulations and the Euro MTF market. Of the 45,572 quoted securities, 41,333 were listed on the regulated market and 4,239 were listed on the Euro MTF market, which was launched by the Exchange on 18 July 2005.

The largest segments were bonds, with 31,469 lines, and Luxembourg investment funds, with 7,220 lines. The majority of segments saw significant increases: bonds (+ 2,844 units), Luxembourg investment funds (+ 512 units) and warrants (+ 2,383 units).

"These figures testify to the attractiveness of the Luxembourg financial centre for admissions to trading of international securities," the report stated. "In fact, the Luxembourg Stock Exchange has strengthened its leading position in terms of the number of domestic and international bonds listed by a European exchange. On an international level, the Exchange remains the primary listing centre for Global Depositary Receipts."

In 2007, the exchange's LuxX Index achieved a high of 2,578.24 points, reached on October 12, while trading volumes on the secondary market last year hit EUR652.00 million. Trades in shares reached an amount of EUR203.66 million; trades in shares of Luxembourg investment funds representing 31.23% of the total. Regarding the bond segment, trades increased to EUR448.34 million.

The exchange also reported that it has continued the development of its range of financial information products and services, and at the end of 2007, the Exchange and CCLux, its subsidiary specialised in investment fund data and information, were providing products and services to some 150 clients (data vendors, analysts, media and others).

In addition, the bourse promoted the use of its “e-file” application, which makes it possible to carry out virtually the various steps and procedures linked to the launch of an investment fund or the listing of a security.

Last year, the Luxembourg exchange also deepened its partnership with Euronext NV, a subsidiary of NYSE Euronext, with the creation on 21 May 2007 of a European Economic Interest Grouping (EEIG), whose headquarters is in Luxembourg. The EEIG is being used as a vehicle to carry out the projects of the partnership, the first phase of which was achieved on 2 May 2007 with the migration of the Luxembourg Stock Exchange to the NSC trading platform.

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