Euronext Lisbon

Last updated
Euronext Lisbon
New Euronext logo.svg
BolsaValoresPorto.jpg
Type Stock exchange
Location Lisbon, Portugal
Founded1769;255 years ago (1769)
Owner Euronext
Key peopleMaria João Carioca (CEO)
Currency EUR
No. of listings56 [1]
Indices PSI-20
Website www.bolsadelisboa.com.pt

Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange. The most famous index is PSI-20.

Contents

Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exchange traded funds. The BVL General index is the exchanges official index, and includes all listed shares on the official market. Settlement is T+2. Derivatives include long-term interest rate futures, three-month Lisbor futures, stock index futures and options on the PSI-20 Stock index, and Portuguese stock futures. Trading hours are 8 a.m. to 4:30 p.m., Monday through Friday.

History

The Stock Exchange Palace in Porto, Portugal Porto July 2014-31a.jpg
The Stock Exchange Palace in Porto, Portugal

The predecessor of the Bolsa de Valores de Lisboa (Lisbon Stock Exchange) was created in 1769 as the Assembleia dos Homens de Negócio (Assembly of Businessmen) in the Commerce Square, Lisbon downtown. In 1891, the Bolsa de Valores do Porto (Oporto Stock Exchange) in Oporto was founded.

After the military coup on April 25, 1974, both the Lisbon and Porto stock exchanges were closed by the revolutionary National Salvation Junta (they would be reopened a couple of years later). [2]

The Euronext Lisbon was formed in 2002 when the shares of Bolsa de Valores de Lisboa e Porto (BVLP) were acquired by Euronext and the exchange was merged into the pan-European exchange. BVLP, the Portuguese exchange, was formed in the 1990s restructuring of the Lisbon Stock Exchange association and the Porto Derivatives Exchange Association.

At the end of 2001, 65 companies were listed on BVLP-regulated markets, representing a market capitalization of Euro 96.1 billion. From January to December 2001, a total of 4.7 million futures and options contracts were traded on the BVLP market.

The merger of Bolsa de Valores de Lisboa e Porto (Portuguese Stock Exchange) with Euronext in 2002 that created the Euronext Lisbon, part of the pan-European Euronext system of stock exchanges, improved market efficiency during the post-merger period and marked a new milestone in the financial development of Portugal. [3]

In 2007, after the merger of Euronext and the NYSE, Euronext Lisbon joined the new NYSE Euronext group, the largest corporation operating multiple securities exchanges in the world. A few years later, part of a Intercontinental Exchange's deal to acquire NYSE Euronext was a spin-off for Euronext. In June 2014 Euronext completed an initial public offering making it again a standalone company. [4] [5] [6] After this operation, the Euronext Lisbon remained a fully-owned subsidiary of Euronext N.V. headquartered in Paris and registered in Amsterdam.

See also

Related Research Articles

<span class="mw-page-title-main">Nasdaq</span> American stock exchange

The Nasdaq Stock Market is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, entertainment, retail, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources.

<span class="mw-page-title-main">New York Stock Exchange</span> American stock exchange

The New York Stock Exchange is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is the largest stock exchange in the world by market capitalization.

<span class="mw-page-title-main">Porto</span> Municipality in Norte, Portugal

Porto, also known as Oporto, is the second largest city in Portugal, after Lisbon. It is the capital of the Porto District and one of the Iberian Peninsula's major urban areas. Porto city proper, which is the entire municipality of Porto, is small compared to its metropolitan area, with an estimated population of just 248,769 people in a municipality with only 41.42 km2 (16 sq mi). Porto's metropolitan area has around 1.8 million people (2023) in an area of 2,395 km2 (925 sq mi), making it the second-largest urban area in Portugal. It is recognized as a global city with a Gamma + rating from the Globalization and World Cities Research Network.

<span class="mw-page-title-main">Mexican Stock Exchange</span> Mexican stock exchange

The Mexican Stock Exchange, commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after São Paulo based B3 in Brasil. It is also the fifth largest stock exchange in the Americas. The exchange platform is owned by BMV Group, which also owns the derivative exchange MexDer and the custody agency Indeval.

<span class="mw-page-title-main">Euronext</span> European financial services company

Euronext N.V. is a pan-European bourse that provides trading and post-trade services for a range of financial instruments.

<span class="mw-page-title-main">London International Financial Futures and Options Exchange</span> Futures exchange located in London, UK (founded 1982)

The London International Financial Futures and Options Exchange was a futures exchange based in London. In 2014, following a series of takeovers, LIFFE became part of Intercontinental Exchange, and was renamed ICE Futures Europe.

OPEX is a Portuguese financial services company headquartered in Lisbon that consults clients regarding mergers and acquisitions, capital raising, and general operations. The firm launched an over-the-counter exchange known as PEX in 2003 to provide a trading environment for the securities of small and mid-cap Portuguese companies.

<span class="mw-page-title-main">Deutsche Börse</span> Financial services company of Germany

Deutsche Börse AG, or the Deutsche Börse Group, is a German multinational corporation that offers a marketplace for organizing the trading of shares and other securities. It is also a transaction services provider, giving companies and investors access to global capital markets. It is a joint stock company and was founded in 1992, with headquarters in Frankfurt. On 1 October 2014, Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative.

NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca. NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc. On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan. The corporation was then acquired by Intercontinental Exchange, which subsequently spun off Euronext.

<span class="mw-page-title-main">Euronext Paris</span> Securities market located in Paris, France

Euronext Paris, formerly known as the Paris Bourse, is a securities market which merged with the Amsterdam, Lisbon and Brussels exchanges in September 2000 to form Euronext NV. As of 2022, the 795 companies listed had a combined market capitalization of over US$4.58 trillion. Euronext Paris, the French branch of Euronext which was formerly seated at the Palais Brongniart in Paris, is Europe's second largest stock exchange market as of 2023, behind the London Stock Exchange (LSE).

<span class="mw-page-title-main">Intercontinental Exchange</span> American exchange and clearing house company

Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada, and Europe; the Liffe futures exchanges in Europe; the New York Stock Exchange; equity options exchanges; and OTC energy, credit, and equity markets.

The Bolsa de Valores de Cabo Verde is the stock exchange of Cape Verde. It is located in the Achada Santo António district of Praia. The Cape Verde Stock Exchange (BVC) was established on May 11 1998 by governmental decision. At the end of 2017, the market capitalisation was 68.4 billion escudos, which equals 621 million euro.

<span class="mw-page-title-main">Bolsas y Mercados Españoles</span> Spanish stock exchange company

Bolsas y Mercados Españoles is the Spanish company that deals with the organizational aspects of the Spanish stock exchanges and financial markets, which includes the stock exchanges in Madrid, Barcelona, Bilbao and Valencia. In addition to the trading of shares and bonds, BME offers access to a number of other products and the clearing and settlement of operations. BME is also developing a technological consultancy, operating in 23 countries and mainly providing trading systems.

The Belgium Futures and Options Exchange (BELFOX) was the derivatives exchange of Belgium that was established in 1991 and merged with the Brussels Stock Exchange in 2000. Belfox was founded as a cooperation between important players in the Belgian financial markets. The Belfox market offered electronic trading and clearing facilities on derivatives. The underlying values were stocks of major Belgian companies.

LCH is a financial market infrastructure company headquartered in London that provides clearing services to major international exchanges and to a range of OTC markets. The LCH Group includes two main entities: LCH Limited based in London and LCH SA based in Paris.

The PSI-20 is a benchmark stock market index of companies that trade on Euronext Lisbon, the main stock exchange of Portugal. The index tracks the prices of the twenty listings with the largest market capitalisation and share turnover in the PSI Geral, the general stock market of the Lisbon exchange. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Brussels' BEL20, Paris's CAC 40 and Amsterdam's AEX.

In finance, a dividend future is an exchange-traded derivative contract that allows investors to take positions on future dividend payments. Dividend futures can be on a single company, a basket of companies, or on an Equity index. They settle on the amount of dividend paid by the company, the basket of companies, or the index during the period of the contract.

Jean-François Théodore was a French businessman, President, Chairman and CEO of Euronext N.V., deputy CEO and Head of Strategy of NYSE Euronext Inc. for Euronext N.V and chairman of its Managing Board.

References

  1. "Cotações, Bolsa de Lisboa". Euronext. 2016-07-12. Retrieved 2018-12-20.
  2. (in Portuguese) História da Bolsa de Valores de Lisboa Archived December 21, 2009, at the Wayback Machine , Millennium bcp
  3. Khan, Walayet; Vieito, João Paulo (2012-04-01). "Stock exchange mergers and weak form of market efficiency: The case of Euronext Lisbon". International Review of Economics & Finance. 22 (1): 173–189. doi:10.1016/j.iref.2011.09.005. ISSN   1059-0560.
  4. "IntercontinentalExchange Completes Acquisition of NYSE Euronext" (Press release). ICE Intercontinental Exchange. 2013-11-13. Archived from the original on 2013-12-28. Retrieved 2013-12-27.
  5. "ICE buys NYSE-Euronext. The end of the street". The Economist. 2013 (November 16). New York: London, The Economist Newspaper Ltd. 2013-11-16. ISSN   0013-0613 . Retrieved 2013-12-27.
  6. "Intercontinental Exchange Announces Closing of Euronext Initial Public Offering". ICE Press Release. Archived from the original on 6 October 2014. Retrieved 26 February 2015.

38°43′16″N9°08′44″W / 38.7210105°N 9.1456241°W / 38.7210105; -9.1456241