Press releases 2011
Chancellor launches new market open ceremony at London Stock Exchange
- Unique and vibrant ceremony for companies listing on LSE markets
- Cutting-edge innovative technology employed, with market data, bespoke company content and live news from CNBC
- Showcases London as the international home for business
The Chancellor of the Exchequer, the Rt Hon George Osborne MP, today launched the London Stock Exchange’s new market open ceremony in Paternoster Square.
The new ceremony will be a globally recognised symbol of London as a world class financial and business centre, synonymous with its history, breadth of expertise and deep pool of international liquidity.
The installation is one of the largest of its type in the world, with over 500 high definition LED screens, a giant central illuminated globe and a bespoke ‘market open’ mechanism. Companies listing on the most international capital market in the world will be invited to open the market at 8am, signalling the start of London market trading.
The Rt Hon George Osborne MP said:
“I am delighted to inaugurate the new market open ceremony at the London Stock Exchange.
“As the world’s most international exchange, the London Stock Exchange brings businesses from all over the world to London, fuelling our reputation as the world’s premier global financial centre. I am proud that the Exchange is home to the world’s most successful growth market – AIM which plays a vital role in enabling UK SMEs to drive our economy. I hope this new market open ceremony will help to showcase London’s unique strengths”.
Xavier Rolet, CEO of the London Stock Exchange Group said:
“I am very pleased to welcome the Rt Hon George Osborne MP to launch the London Stock Exchange’s new market open ceremony. This ceremony represents the vibrancy and strength of our markets –the most international in the world.
“Newly listed companies, large and small, will benefit from the opportunity to raise their profile, celebrate their success and take part in a unique ceremony that welcomes them to London.”
The world’s leading global business and financial news provider, CNBC, is exclusively working with the LSE Group on the new market installation, providing a live television feed and news headlines from launch.
Mick Buckley, President and CEO, EMEA at CNBC said:
“We are very pleased to be a part of this exciting new market opening ceremony. Our partnership with the Exchange means that visitors are able to watch CNBC’s real-time coverage and analysis of the markets, live on the installation’s screens.”
As well as companies listing on the market, the installation offers other exciting marketing and event opportunities for the London Stock Exchange Group, as well as the chance to expand the market open ceremony to non-listing invited VIPs and guests.
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For further information, and photographs of the event, please contact:
Lauren Crawley-Moore Press Office +44 (0)20 7797 1222
Notes for Editors:
About the new market open ceremony:
The unique installation is housed in the central Atrium of the London Stock Exchange Group’s headquarters at Paternoster Square. Each individual screen on the multi-screen installation is capable of interacting with the whole, as well as linking with a large central globe.
Images, text, graphics, film, logos, data streams, prices and news can all be shown on the market-open technology, which is capable of offering a bespoke visual and audio experience for companies listing on the London Stock Exchange. Outside of the market open event itself, news, prices, weather and updates will be streamed directly to the giant screens.
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.