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.