| | Markets
 The Luxembourg Stock Exchange operates two markets. The first opened in May 1929. It became a European regulated market and offers a European passport. The other, opened in July 2005, is named 'Euro MTF' and is a Multilateral Trading Facility. The same rules & regulations and trading mechanism apply to both markets.
Rules and Regulation
Trading mechanism
Fully automated and decentralized, the markets of the Luxembourg Stock Exchange are open from 09:00 a.m. to 5:35 p.m. Trades are generated on the UTP (Universal Trading Platform SM) hosted by NYSE Euronext’s European cash markets. Member firms can access this platform directly through their own architecture or any ISV network. The key criteria for the platform are reliability, performance, high availability and security. This means that the UTP system is subject to permanent review and updating, with a view to always providing the best trading service possible to market participants. The system is capable of handling exceptionally large volumes rapidly.
Securities are divided into trading groups based on different trading procedures. The composition of these groups, determined on the basis of factors such as the particular characteristics and liquidity of the securities, is detailed in the appendix to the Trading Manual. Securities within the same group are subject to the same timetable and price variation rules. The Luxembourg Stock Exchange announces the admission of a financial instrument to trading groups by means of a notice. | Securities are traded on the Luxembourg Stock Exchange Trading Platform either continuously for securities that are liquid enough or for securities with a market maker willing to accept certain obligations or, when they are less liquid, by auction. The operating hours of the Luxembourg Stock Exchange Trading Platform and the times of the different phases of the trading day are published in the appendix attached to the Luxembourg Stock Exchange Trading Manual.
Real-time monitoring and supervision is performed by the Markets & Surveillance Department of the Luxembourg Stock Exchange. The LuxX index is calculated based on the price of the following shares: ArcelorMittal, BIP, Dexia, Foyer, Intercultures, KBC Group, Luxempart, Reinet Investments, RTL Group, and SES. To find data and information on a particular security, go to the multicriterion search facility.
Practical information
Contact
Market & Surveillance Department
dms@bourse.lu
Tel: + 352 47 79 36 - 200
Fax: + 352 47 79 36 - 269 |
