Welcome to this year's final edition of the LuxXPrime newsletter! As we continue to grow our LuxXPrime selection of securities, we look back at some of the highlights from the past year, bring you the latest statistics, and a glimpse of the underlying investment projects of sustainable securities available for trading on LuxXPrime.
So, as we prepare to wrap up the year, let's take a look at the latest news and developments on all things trading!
LuxXPrime at a glance
LuxXPrime is a window on the trading platform of the Luxembourg Stock Exchange (LuxSE) dedicated to retail-sized bond trading. Launched in September 2019, it started off as a limited selection of 230+ securities, but has now expanded to more than 1,350 securities, including 300+ green, social, sustainability and sustainability-linked bonds.
To secure firm prices, competitive spreads and liquidity on LuxXPrime, LuxSE teamed up with EUWAX AG, a subsidiary of Börse Stuttgart, which acts as the Prime Liquidity Provider. In this way, LuxXPrime meets the needs of brokers, asset managers and investors who are looking for attractive prices for smaller-sized trades in fixed-income securities.
To secure firm prices, competitive spreads and liquidity on LuxXPrime, LuxSE teamed up with EUWAX AG, a subsidiary of Börse Stuttgart, which acts as the Prime Liquidity Provider. In this way, LuxXPrime meets the needs of brokers, asset managers and investors who are looking for attractive prices for smaller-sized trades in fixed-income securities.
Discover LuxXPrime at www.luxxprime.com
New post-trade offering now live
We're delighted to announce that our new post-trade setup, which has been in the works for some time now, is now fully operational!
Launched in October, the new model simplifies the LuxSE post-trade process for LuxSE trading members, and allows for a more streamlined and efficient settlement of securities transactions made on a channel encompassing 21,500 tradable instruments.
No clearing membership required
The new post-trade model allows for a stronger market infrastructure and a smoother experience, bringing multiple benefits to our trading members. In the new STP set-up, the mandatory clearing membership required under the previous pass-through model no longer applies.
Settlement by Euroclear or Clearstream
Additionally, trading members can now select between Euroclear Bank and Clearstream Banking Luxembourg as their International Central Securities Depository (ICSD), while trades made on the previous pass-through channel required settlement by Euroclear. This new settlement process was made possible thanks to our exchange’s partnership with BFF Bank, the largest independent specialty finance in Italy.
Daily trade file and settlement instructions
As part of a more transparent process, LuxSE now supplies a daily trade file with all information needed for the reconciliation and the indication of the counterparty, the settlement date and settlement amount (in case of bonds).
The new post-trade service also sends gross settlement instructions for all trades done on the new STP Channel trading groups to all members directly on their settlement account or their settlement agent account on the ICSDs.
Thanks to BFF Bank, LuxSE now offers a new electronic channel to send to ICSDs settlement instructions in a fast, integrated and safe way - and without affecting the fee schedule!
Launched in October, the new model simplifies the LuxSE post-trade process for LuxSE trading members, and allows for a more streamlined and efficient settlement of securities transactions made on a channel encompassing 21,500 tradable instruments.
No clearing membership required
The new post-trade model allows for a stronger market infrastructure and a smoother experience, bringing multiple benefits to our trading members. In the new STP set-up, the mandatory clearing membership required under the previous pass-through model no longer applies.
Settlement by Euroclear or Clearstream
Additionally, trading members can now select between Euroclear Bank and Clearstream Banking Luxembourg as their International Central Securities Depository (ICSD), while trades made on the previous pass-through channel required settlement by Euroclear. This new settlement process was made possible thanks to our exchange’s partnership with BFF Bank, the largest independent specialty finance in Italy.
Daily trade file and settlement instructions
As part of a more transparent process, LuxSE now supplies a daily trade file with all information needed for the reconciliation and the indication of the counterparty, the settlement date and settlement amount (in case of bonds).
The new post-trade service also sends gross settlement instructions for all trades done on the new STP Channel trading groups to all members directly on their settlement account or their settlement agent account on the ICSDs.
Thanks to BFF Bank, LuxSE now offers a new electronic channel to send to ICSDs settlement instructions in a fast, integrated and safe way - and without affecting the fee schedule!
New trading and listing member
China International Capital Corporation UK
We are pleased to announce the admission of China International Capital Corporation (UK) Limited (CICC UK) as a new trading and listing member!
CICC is a global investment bank providing investment banking services for domestic and overseas companies, institutions and individuals. CICC UK was established in 2009 and is regulated by the UK Financial Conduct Authority. It provides a central platform from which CICC facilitates cross-border investment and financing services for an increasing number of clients from Europe, the Middle East and Africa that do business with China and from China seeking cross-border investments in and financing from these regions.
As part of its new status as a trading and listing member, CICC UK aims to strengthen the firm’s international presence by enabling the trading and listing of Global Depositary Receipts (GDRs), as well as bridging the gap between China and international investors.
CICC is a global investment bank providing investment banking services for domestic and overseas companies, institutions and individuals. CICC UK was established in 2009 and is regulated by the UK Financial Conduct Authority. It provides a central platform from which CICC facilitates cross-border investment and financing services for an increasing number of clients from Europe, the Middle East and Africa that do business with China and from China seeking cross-border investments in and financing from these regions.
As part of its new status as a trading and listing member, CICC UK aims to strengthen the firm’s international presence by enabling the trading and listing of Global Depositary Receipts (GDRs), as well as bridging the gap between China and international investors.
New partnership in place with Il Sole 24 Ore
We're pleased to announce that LuxSE equities and LuxXPrime corporate and ESG bonds prices are now available for retail investors in the leading financial newspaper in Italy, Il Sole 24 Ore!
As part of this new service, Il Sole 24 Ore now features a section dedicated to LuxSE on its website, as well as featuring LuxXprime market data prices and instruments.
This will help us increase market transparency by providing Il Sole 24 Ore's readers with access to delayed market data free of charge, as well as giving us the opportunity to promote and grow visibility around instruments that are traded on LuxSE.
As part of this new service, Il Sole 24 Ore now features a section dedicated to LuxSE on its website, as well as featuring LuxXprime market data prices and instruments.
This will help us increase market transparency by providing Il Sole 24 Ore's readers with access to delayed market data free of charge, as well as giving us the opportunity to promote and grow visibility around instruments that are traded on LuxSE.
Our Latest Statistics!
351 issuers
43 countries
11 currencies
43 countries
11 currencies
Top Traded Securities
1. XS1206541366 EUR VW International Finance 3,5% Perpetual
2. XS0968913342 EUR VW International Finance 5,125% Perpetual
3. US900123AY60 USD Turkey 6,875% 17/03/20236
2. XS0968913342 EUR VW International Finance 5,125% Perpetual
3. US900123AY60 USD Turkey 6,875% 17/03/20236
LuxXPrime on tour
Over the course of 2022, our Markets & Surveillance team attended a wide range of trade conferences and events throughout Europe, showcasing LuxSE's LuxXPrime offering and contributing to discussions on the development of the global capital markets industry. Here's a short overview of these events!
EMEA Trading Conference 2022
24 March 2022 - London
The EMEA Trading Conference brought the global trading community together to discuss the most pressing issues facing the industry. It served as a neutral platform for buy-side, sell-side, exchanges, vendors and regulators to share their ideas on how the community can continue to collaborate.
Fixed Income Leaders Summit (FILS)
4-6 October 2022 - Nice
LuxSE sponsored FILS in Nice, France earlier this year. FILS is one of the leading Fixed Income conferences held annually in EMEA - a place to meet market participants in a setting fit for constructive discussions and networking.
ICMA AGM & Conference
8-10 June 2022 - Vienna
LuxSE took part in ICMA's annual general meeting and conference as an exhibitor. The association celebrated its 54th Annual Meeting by bringing together its international community of 620 members in Vienna to promote the development of the international capital and securities markets.
World Financial Information Conference (WFIC)
16-19 October 2022 - Prague
WFIC is a global event that focuses on the sourcing, compliance and delivery of financial information with participants from more than 40 countries taking part in the event.
24 March 2022 - London
The EMEA Trading Conference brought the global trading community together to discuss the most pressing issues facing the industry. It served as a neutral platform for buy-side, sell-side, exchanges, vendors and regulators to share their ideas on how the community can continue to collaborate.
Fixed Income Leaders Summit (FILS)
4-6 October 2022 - Nice
LuxSE sponsored FILS in Nice, France earlier this year. FILS is one of the leading Fixed Income conferences held annually in EMEA - a place to meet market participants in a setting fit for constructive discussions and networking.
ICMA AGM & Conference
8-10 June 2022 - Vienna
LuxSE took part in ICMA's annual general meeting and conference as an exhibitor. The association celebrated its 54th Annual Meeting by bringing together its international community of 620 members in Vienna to promote the development of the international capital and securities markets.
World Financial Information Conference (WFIC)
16-19 October 2022 - Prague
WFIC is a global event that focuses on the sourcing, compliance and delivery of financial information with participants from more than 40 countries taking part in the event.
If you are planning on attending any of these events or other relevant trade shows in 2023 and would like to connect with our team to discuss LuxSE and LuxXPrime, please feel free to contact our Markets & Surveillance team!
LuxSE's 2022 Milan reception
At the end of September, LuxSE hosted a networking reception in Milan, Italy, bringing together LuxSE's top executives as well as decision makers from across the Italian financial industry.
These included H.E. Michèle Pranchère-Tomassini, Ambassador of Luxembourg to Italy, San Marino, Malta and Croatia; Fabio Massoli, CFO, Cassa Depositi e Prestiti (CDP); Professor Carlo Altomonte, Associate Professor of Economics of European Integration, Bocconi University and Marco Turrina, Vice-President, Assosim.
LuxSE CEO Julie Becker, pictured here addressing attendees at the Milan reception, was part of the LuxSE delegation, alongside Arnaud Delestienne, Member of the Executive Committee and Director of International Capital Markets, Carlo Houblie, Commercial Director, Luigi Campa, Product & Client DevelopmentManager, Chiara Caprioli, Senior Business Development Manager and Sustainable Finance Expert and Camilo Realpe, Head of Market Access & Data Services.The reception served as an opportunity to further strengthen and build on the longstanding relationship between our exchange and the Italian market - one that dates all the way back to 1963 and the very first Eurobond, issued by Autostrade and listed on LuxSE.
These included H.E. Michèle Pranchère-Tomassini, Ambassador of Luxembourg to Italy, San Marino, Malta and Croatia; Fabio Massoli, CFO, Cassa Depositi e Prestiti (CDP); Professor Carlo Altomonte, Associate Professor of Economics of European Integration, Bocconi University and Marco Turrina, Vice-President, Assosim.
LuxSE CEO Julie Becker, pictured here addressing attendees at the Milan reception, was part of the LuxSE delegation, alongside Arnaud Delestienne, Member of the Executive Committee and Director of International Capital Markets, Carlo Houblie, Commercial Director, Luigi Campa, Product & Client DevelopmentManager, Chiara Caprioli, Senior Business Development Manager and Sustainable Finance Expert and Camilo Realpe, Head of Market Access & Data Services.The reception served as an opportunity to further strengthen and build on the longstanding relationship between our exchange and the Italian market - one that dates all the way back to 1963 and the very first Eurobond, issued by Autostrade and listed on LuxSE.
LuxXPrime Sustainable Project Series
The Luxembourg Stock Exchange is the world’s leading listing venue for sustainable securities. In this series, we zoom in on one of the sustainable projects that are financed by securities available for trading on LuxXPrime.
In this edition, we are featuring a green bond issued by Maersk.
The EUR 500 million bond, which was issued in November 2021, will help finance the build of Maersk's first feeder vessel and the ground-breaking series of 8 large ocean-going container vessels which will be capable of operating on carbon neutral methanol by 2023 and 2024 respectively.
As outlined by Maersk's CFO, this is a further step towards integrating sustainability into the company's financing operations, and an effective tool for channelling investments to projects with a positive environmental impact, as well as contributing to the achievement of the UN Sustainable Development Goals (SDGs) and the Paris Agreement.
With this green bond, Maersk aims to diversify their investor base by reaching out to new investors and further increasing the transparency of their ESG ambitions and performance towards their stakeholders.
The EUR 500 million bond, which was issued in November 2021, will help finance the build of Maersk's first feeder vessel and the ground-breaking series of 8 large ocean-going container vessels which will be capable of operating on carbon neutral methanol by 2023 and 2024 respectively.
As outlined by Maersk's CFO, this is a further step towards integrating sustainability into the company's financing operations, and an effective tool for channelling investments to projects with a positive environmental impact, as well as contributing to the achievement of the UN Sustainable Development Goals (SDGs) and the Paris Agreement.
With this green bond, Maersk aims to diversify their investor base by reaching out to new investors and further increasing the transparency of their ESG ambitions and performance towards their stakeholders.
Maturity Date: 25/11/2031
PLP Performance
It is important for the Luxembourg Stock Exchange to provide investors with a clear and transparent view of the trading quality and market conditions that LuxXPrime offers to bond traders. For this reason, LuxXPrime, with the help of our Prime Liquidity Provider - EUWAX AG, publishes the performance reports of its Prime Liquidity Provider (PLP) on a monthly basis.
The global one-year average rate is 97.90% yearly presence in the order book.
To view the report in full, as well as PLP Performance Reports from previous months, visit our statistics page.
The global one-year average rate is 97.90% yearly presence in the order book.
To view the report in full, as well as PLP Performance Reports from previous months, visit our statistics page.
