It has now been just over two years since the launch of LuxXPrime, LuxSE’s dedicated retail-sized trading platform. We caught up with Camilo Realpe, Market Data Manager, Markets & Surveillance at LuxSE to take a closer look at the platform and its dedicated trading section for retail-sized bond trading.
What would you say are the main benefits of becoming a trading member of LuxSE and trading on the LuxXPrime segment?
LuxXPrime offers very competitive prices – some of the best prices across all stock exchanges in Europe. Aside from our competitive prices, we also offer retail-sized tickets, meaning our members can trade as little as 1,000 euros or the minimum lot established by the issuer.
We also provide a lot of liquidity. The presence of our prime liquidity provider exceeds 98%, which essentially means that you have a constant book of business that you can execute with good prices and small-sized tickets all day long, as long as our markets are open.
Free access to market data
Our trading members also benefit from free access to real-time market data, meaning they are able to provide their clients and end-users with cheaper access to LuxSE data. Ultimately, this significantly reduces the cost of having an active membership with us compared to other exchanges, as they don’t have to charge their clients for market data.
What else does LuxXPrime offer?
Aside from quality and real-time data, we also offer a number of tools to facilitate individual investment decision-making. For example, we developed a yield calculator that is available to use for free on LuxXPrime.com. Investors can use this tool to calculate a bond’s yield to maturity (YTM), in other words, the internal rate of return (IRR) of an investment in a bond if the investor holds the bond until maturity.
We also make recent data available for every single security that is available on LuxXPrime. This includes prices, detailed statistics as well as information on the top traded, latest traded and most viewed securities.
Our approach to market data, and our overall objective, is to facilitate the execution of the trading activity. With LuxXPrime, we are able to provide market data that is relevant, accurate and available for anyone to consult. This way, members and prospects that want to start trading on LuxSE immediately benefit from our LuxXPrime segment and have instant access to free-of-charge market data for trading purposes.
How do you integrate sustainability considerations within the LuxXPrime segment?
Sustainability is becoming an increasingly important topic within the investment industry. As a result, within our LuxXPrime segment, we have also included green, social and sustainability bonds that are made available for our trading members to trade.
On a separate note, LuxSE has built a centralised database of structured sustainability data covering 4,100 green, social, sustainability and sustainability-linked bonds. The LGX DataHub is the most comprehensive source of structured sustainability data on the market.
