London Stock Exchange takes new retail bond market across UK

London Stock Exchange takes new retail bond market across UK

The London Stock Exchange will host five free seminars in cities across the UK next week to promote the benefits of its new Order book for Retail Bonds.

Launched on 1 February 2010 in response to strong private investor demand for greater access to fixed income, the new order book offers simple, transparent access to 60 UK gilts and corporate bonds all tradable in easily manageable sizes. Bonds currently available for trading include securities issued by Tesco, BT, National Grid, GlaxoSmithKline, Morgan Stanley, GE Capital, Enterprise Inns, Royal Bank of Scotland and Wal-Mart as well as 49 gilts.

Aimed at local brokers and advisers of potential issuers, the events will be held in partnership with accounting and law firms in Edinburgh, Leeds, Manchester, Birmingham and London. Exchange representatives will begin by discussing London’s markets. They will then give details on the different types of bonds and issuers involved with the new retail platform; explain how the market works and the process for listing and admitting retail bonds, as well as how to access the new order book and take questions from attendees.

Pietro Poletto, Head of Fixed Income for London Stock Exchange Group, said:

“We are looking forward to meeting with local brokers and advisers and introducing them to the benefits of our new Order book for Retail Bonds. This is a brand new market for the UK and we are keen to raise awareness of its advantages across the country. In particular we want to highlight the benefits of retail bond issuance as an effective additional source of funding for companies as well as raising awareness of the market as a liquid, transparent secondary market for bonds tradable in smaller sizes more suitable for the retail investor.”

- ends -

For further information, please contact:

Jonny Blostone Press Office +44 (0)20 7797 1222

Notes to editors:

The dates and locations of the seminars are:

Monday 8th March – 13:00:

Dundas & Wilson, Saltire Court, 20 Castle Terrace, Edinburgh

Tuesday 9th March – 09:30:

Pinsent Masons, 1 Park Row, Leeds

Tuesday 9th March – 14:00:

BDO, 3 Hardman Street, Spinningfields, Manchester
Wednesday 10th March – 09:00:

Brewin Dolphin, 9 Colmore Row, Birmingham

Friday 12th March – 09:00:

London Stock Exchange, 10 Paternoster Square, London

About London Stock Exchange Group:

London Stock Exchange Group is Europe's leading diversified exchange business, incorporating Borsa Italiana and the London Stock Exchange. With over 500 member firms and more than 3,000 companies quoted across its markets, the Group operates the largest and most liquid equity marketplace in Europe.

The London Stock Exchange itself is the world's most international exchange with more than 600 overseas companies from over 70 countries. These figures include international companies quoted on the Alternative Investment Market (AIM), the London Stock Exchange's growth market, and the world's most successful market for small and medium sized enterprises with over 1,200 companies.

The Group offers trading in a wide range of instruments, holding the number one position in the trading of exchange-traded products (ETFs and ETCs) and through its interest in MTS, is Europe’s leading platform for the trading of fixed income products. Through the Order Book for Retail Bonds (ORB) and Mercato Telematico delle Obbligazioni (MOT) the Group also offers a comprehensive range of UK and European corporate and government bond trading services. Its Italian Derivatives Exchange Market (IDEM) sees over €2.5 billion worth of trading every day and through EDX London the Group provides a facility for the trading of Scandinavian and Russian equity derivatives.

London Stock Exchange Group also offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis. These include services from Monte Titoli, the Central Securities Depository for all Italian financial instruments, and Cassa di Compensazione & Garanzia (CC&G), which in July 2009 was granted Recognised Overseas Clearing House (ROCH) status by the FSA to operate in the UK.

With the acquisition of MillenniumIT, the Group encompasses a leading developer of low cost high performance trading platforms and financial markets software serving both the industry and the Group's own businesses.

Since February 2010 London Stock Exchange Group has owned a majority stake in Turquoise, a Mulitlateral Trading Facility (MTF) providing pan-European lit and dark equity trading in some 1,700 securities across 17 countries.