Becoming a member


Benefits
 
Liquidity
Gain direct access to Europe's deepest pool of liquidity with trading in UK equities, International Depositary Receipts, Exchange Traded Funds and Commodities, Covered Warrants and Investment Trusts. 
 
Products and Services
We offer a wide range of products and services to our members. Our trading services in London include SETS, our premier equities electronic trading service, IOB, our electronic order book for trading depositary receipts.  We also offer real time market data services, trade reporting, and quote driven order books.  

You can also gain access to Borsa Italiana and the range of products traded, from Equities, Bonds and Fixed Income to Structured Products and Derivatives by contacting our Membership Team in Milan.
 
Technology
Use one of the fastest and most efficient centralised trading venues in the world. Powered by our trading system, TradElect, and information system, Infolect, you can trade with absolute confidence. Fast, neutral and independent.

Community
Establish valuable new relationships in our global community of brokers and listed companies, giving you the opportunity to grow your business and company profile in parallel.
 
 
Membership Pricing Incentive
 
The London Stock Exchange Group is pleased to announce it's new membership pricing incentive running until 31st March 2011 . The new package offers fee waivers for new members trading electronically on London Stock Exchange and Borsa Italiana markets.
 
Borsa Italiana
Waived: Borsa Italiana membership fee
Waived: MTA/MAC/AIM Italia/SeDeX/MOT subscription fee
Waived: IDEM/IDEX volume category fee
Discount: 50% CC&G membership
 
London Stock Exchange
Waived: annual membership fee
Waived: initial testing fees
 
Turquoise
Waived: connectivity fees
 
Please click here for the full details and terms of the pricing incentives.
 
 
Key Considerations

Eligibility  
Membership is available to investment firms and credit institutions authorised in the European Economic Area. You may also be eligible if you are not EEA regulated and should speak with the membership team for further details. Members may be eligible for Stamp Duty Reserve Tax exemption and may apply for this as part of their application.

Connectivity
Firms can connect directly to the Exchange’s markets. The Exchange currently offers several types of connectivity options with varying levels of management and performance. These range from full host-to-host solutions to Vendor Access Network connections. Each firm will have different requirements and we can help you choose the right form of access for your firm

Clearing and Settlement
If you choose to connect directly to the Exchange you will need to have in place appropriate clearing and settlement arrangements. Members of the London Stock Exchange benefit from an efficient and competitive clearing and settlement infrastructure across its domestic and international markets.  We can facilitate introductions with accredited clearing and settlement providers. For a list of these providers please click here.

 

Next Steps:

If you’re thinking about becoming a member please contact our Membership Team, who will be able to talk you through the benefits and key considerations for your firm.

Step 1 - Email the Membership Team or call Martin Batty on +44 (0)207 797 3449.

Step 2 - Decide upon the type of connectivity and trading profile you will require.

Step 3
- Complete the Membership application form and any other required documents.  A Membership Consultant can assist with the required forms and advise you on completing them.



Downloads

Membership forms:
Membership Application Form (pdffile pdf - 149 KB)
Intermediary Relief Template (docfile doc - 23 KB)

Static Data forms:
LCH SETS CCP Static Data Form (pdffile pdf - 112 KB)
LCH SETS CCP Static Data Form - Guidance Notes (pdffile pdf - 68 KB)
X-clear SETS CCP Static Data Form (pdffile pdf - 108 KB)
X-clear SETS CCP Static Data Form - Guidance Notes (pdffile pdf - 65 KB)
IOB CCP Static Data Form (pdffile pdf - 103 KB)
IOB CCP Static Data Form - Guidance Notes (pdffile pdf - 48 KB)
Order Book for Retail Bonds Static Data Form (pdffile pdf - 104 KB)
Order Book for Retail Bonds Static Data Form - Guidance Notes (pdffile pdf - 59 KB)
 
Settlement forms:
Settlement Agent Declaration Form (pdffile pdf - 22 KB)
Model B Settlement Agreement Declaration Form (pdffile pdf - 23 KB)

Trading forms:
Order Deletion form (pdffile pdf - 44 KB)

Pricing:
Direct Debit Mandate (docfile doc - 61 KB)
Membership price list effective 1 April 2010 (pdffile pdf - 225 KB)

Contact us
contact us

Membership Team
+44 (0)20 7797 1900
STX 31900
membership@londonstockexchange.com

Membership Enquiries
+44 (0)20 7797 3449
STX 33449
lsemembership@londonstockexchange.com

Client Technology Group
+44 (0)20 7797 3939
STX 33939
ctg@londonstockexchange.com

Client Implementation Team
+44 (0)20 7797 3232
STX 33232
clientimplementation@londonstockexchange.com

 

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