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Listing
- Listing overview A comprehensive look at our listing offering
- Listing a bond Select your preferred market and list a debt security
- Listing a share/GDR Launch an IPO or simply list your equity products with us
- Listing an investment fund/ETF Get your funds UCITS or AIFMD admitted
- Listing a warrant/certificate Get your structured products off the ground
- Listing under a programme A quick and simple way to list large volumes of securities
- BdL market vs Euro MTF market Learn about the differences between our two markets
- Listing process Follow these five easy steps and find out how to list your security
- Listing Members Official members offering listing services
Quick links
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Trading
- Trading overview LuxSE facilitates trading in a wide range of financial instruments – learn how
- Investors Find out how to trade on both our markets
- Brokers and dealers Become a trading member and get access to LuxSE markets
- Trading members Consult the member list, choose the trader and place your orders
- Opening hours and closing days Our markets are open from Monday to Friday
- Clearing and settlement Learn more about the post-trading process
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Information services
- Information services overview Discover our broad range of information services
- FIRST Report & file financial information
- FNS Learn more about our tool for dissemination of financial news
- OAM Your access point for filing, storage and consultation of documents
- Market data products Discover our market data products range (e.g. Data distribution...)
- Stops on bearer securities Placing a stop and confirmation of a 'no stop' and 'non forfeiture' of a security
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Market data and news
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Instruments
- Instruments overview Get the full picture out what instruments you can list
- Bonds All debt securities including green or RMB bonds...
- Shares and GDRs Common stocks and global depository receipts
- Investment funds AIFs, RAIFs, ETFs and UCITS - all under one roof
- Warrants Option-like structured investment products
- Certificates Structured products with debt characteristics
- Short term papers Short term money market instruments
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LGX - Green Exchange
NEOSS
The Non-Executed Orders Screening System or NEOSS is a system that increases market liquidity of non-executed orders. The NEOSS mechanism applies to all types of securities.
How does NEOSS work?
Orders on LuxSE can either be:
- Automatically executed, if the order book’s situation permits it
- Placed in the order book, awaiting execution as there is no immediate transaction possible due to the order book’s situation
In the latter case, to increase the chances of the transaction taking place, we inform our recognised liquidity providers through the NEOSS system about a non-executed order. Liquidity providers may either adjust their prices, or insert an opposite order to generate a trade. In effect, the system enables non-executed orders to be monitored in real-time.
Who can use NEOSS?
To access the NEOSS service, a liquidity provider must constantly quote a minimum of 500 securities. Two scenarios are possible:
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1
If there is a recognised market-maker for a security, only this liquidity provider will be asked for a quote.
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2
If there is no specific market-maker for a security, all recognised liquidity providers will be asked for a quote.
Type of orders sent to liquidity providers
Before asking for a quote, we first analyse the price of the order. Based on the available market prices, we calculate a benchmark curve. Only orders within an applied price range of 100 basis points are sent to liquidity providers.
Advantages of the NEOSS service
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A guaranteed service to monitor non-executed orders
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Over 90% of executed orders within the 100 basis points range
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Increased liquidity
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Competition at liquidity provider level
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Improved trade prices
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The buy side no longer systematically trades at a sell side price
Brochures
If you need more information
Contact us
Bourse Group
The Bourse Group is made up of the Luxembourg Stock Exchange (LuxSE) the leading listing venue for international securities and Fundsquare, its wholly-owned subsidiary specialized in delivering to the fund industry an efficient and standardized infrastructure for the exchange of information.
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