The Luxembourg Stock Exchange is located in Luxembourg City. It specializes primarily in listing international bonds and is ranked first in Europe for bond listings. Some key facts: - The Chairman is Frank Wagener and CEO is Robert Scharfe. - It has pre-opening sessions from 7:15am to 9am and normal trading from 9am to 5:35pm Monday to Friday. - It was established in 1927 and entered an agreement with Euronext in 2000. - In 2016 it listed its 100th Green bond. It was also the first exchange to list a Eurobond in 1963.

1. LUXEMBOURG
STOCK EXCHANGE

3.  The Luxembourg Stock Exchange (French: Bourse
de Luxembourg) is a stock exchange based in
Luxembourg City, in southern Luxembourg.
 The Chairman of the Board is Frank Wagener
 Chief Executive Officer is Robert Scharfe.
 The Exchange has pre-opening sessions from 07:15am
to 09:00am and normal trading sessions from 09:00am
to 05:35pm on all days of the week except Saturdays,
Sundays and holidays declared by the Exchange in
advance.

4.  A law establishing a stock exchange in Luxembourg
was passed on 30 December 1927. The company was
incorporated as the Société Anonyme de la Bourse de
Luxembourg on 5 April 1928, with an initial issue of
7,000 shares, each valued at 1000 francs.
 In November 2000, it entered into an agreement with
Euronext.
 Recently on 19 feb, 2016, it has listed its 100 th
Green bond.

6. BONDS
 It specializes primarily in the listing of international bonds,
in which it is ranked first in Europe, as of 2013.
 The Luxembourg Stock Exchange was the first exchange to
list a Eurobond, with the issue of Italian Autostrade bonds in
1963, and, to this day, Luxembourg has maintained a
dominant position in European bond issues, with
approximately 40% of all cross-border securities in Europe
being listed in Luxembourg.
 Whilst Luxembourg is also a market for debt from the
EBRD, European Commission, European Investment Bank,
and World Bank.

7.  Luxembourg Stock Exchange's main equity index is
called the LuxX Index, which is a weighted index of
the nine most valuable listed stocks by free floated
market capitalisation.
 The index was fixed at 1,000 on 4 January 1999: the
first day of trading after Luxembourg adopted the
euro. The ten companies currently included in the
listing are: Arcelor Mittal, RTL Group, Brederode,
Luxempart, reinet Investments,etc.

8. Listing1 Trading2 Reporting3

11.  One of the main reasons why funds must be listed is to
broaden the scope of its potential investors.
 Indeed, institutional investors (e.g. pension funds, insurance
companies) have to include a percentage of listed securities in
their securities portfolio.
 At a time when regulators and investors are requesting more
transparency, listing on a stock exchange is also considered as
a response to this demand by enhancing access to the financial
information, liquidity and valuation of the securities

12. 1) Help increase a fund’s potential investor base
Institutional investors are restricted in their type and allocation of resources
unless such instruments are listed on a recognized stock exchange
1) Improve disclosure and transparency
2) Increase visibility and enhance profile
3) Liquidity and pricing dissemination
4) Tax considerations
5) Flexibility on structures that can be listed

13.  Continuous trading in real time without delays
 Transparency
 No minimum investment
 All types of orders permitted
 A regulated and monitored market place
 Principle of independence:
 Optimized processes
 Guaranteed execution

15. THANK YOU