Membership

Membership is available to authorised firms in the UK, Switzerland and the European Economic Area (European Union, Iceland, Liechtenstein and Norway). Membership is also available to authorised firms in certain other jurisdictions, including DIFC (Dubai), GIFT City (India), Hong Kong and Singapore among others.

• Join a network of more than 300 international members covering a diverse range of firms including banks, agency brokers, market makers, proprietary traders and retail stockbrokers
• Members receive an accreditation mark as a seal of quality which can be used within presentations, websites and email signatures
• Single Membership application for London Stock Exchange, Turquoise, and Turquoise Europe, with different Membership categories available
• Access wide range of liquid financial products including UK, European and international cash equities, exchange traded products, depositary receipts, bonds and structured products
• New joiner financial incentives available, in addition to specialist Liquidity Provider and Liquidity Taker packages. Members also receive reduced real-time data fees. View the London Stock Exchange Trading Launchpad overview (PDF)
• Membership is the lowest latency method of access to our trading systems
• Possible relief from Stamp Duty Reserve Tax

The Member Portal enables members to manage their member profile and technical configuration via a single online interface:

• Member Information: company details and regulatory authorisation
• Market management: trading service access; identifiers; clearing & settlement configuration
• Technical configuration: configuration for production trading systems
• Compliance information: compliance contacts and registered persons for order deletion
• User management: manage user access and permissions

Details of London Stock Exchange member firms can be accessed in the Member Firm Directory. Member firm profiles are communicated to other member firms and interested parties via Member Firm information sheets available to view here.

A list of Turquoise member firms offering access to Turquoise trading services can be viewed here.

London Stock Exchange plc (LSE), Turquoise Global Holdings Limited (Turquoise^® or TGHL) and Turquoise Global Holdings Europe B.V. (Turquoise Europe™ or TGHE) are Recognised Market Operators (RMOs) in the Republic of Singapore. RMO status enables firms located in Singapore to apply for LSE, TGHL and TGHE membership and access related trading services.

In line with conditions set out by the Monetary Authority of Singapore (MAS), all LSE, TGHL and TGHE member firms should only provide trading access to trading services to clients in Singapore that are classified as an accredited investor, an expert investor or a professional investor under Singaporean law. Member firms should advise clients in Singapore that LSE, TGHL and TGHE are Recognised Market Operators under section 9(2) of the Singapore Securities and Futures Act (Cap. 289) (“SFA”) in relation to the approved list of products. A full list of approved products for trading on LSE is available on the LSE website here; a full list of approved products for trading on TGHL and TGHE at the Turquoise Reference Data webpage here.

In order to assist any member firms with clients in Singapore, LSE, TGHL and TGHE have published a Singapore investor definitions document which outlines the requirements for classification as an accredited investor, expert investor or professional investor together with a consent form for clients classified as accredited investors. The Singapore Investor Definitions (PDF) and Member Firm Singapore Accredited Investor Consents (DOCX) are available in the Membership documents section of LSE website and the Turquoise Document Library.

London Stock Exchange plc ('LSE plc') and Turquoise Global Holdings Limited (Turquoise^® or TGHL) have not enquired as to whether the securities listed or admitted to trading on LSE plc and TGHL have been registered with or authorised by the Securities and Futures Commission or any regulatory authority in Hong Kong, and Hong Kong member firms should conduct their own independent due diligence in this regard. Moreover as per Part IV, section 103, of the Hong Kong Securities & Futures Ordinance (Cap.571), products that fall within the definition of “structured products” under the SFO are not intended for investors that are not 'professional investors' in Hong Kong, as defined in the SFO and subsidiary legislation thereunder. Therefore, in order to ensure compliance with the relevant Hong Kong law and regulatory requirements, Hong Kong member firms are required to perform their own due diligence on all the securities they intend to trade. Additional information on the cleared securities available for trading on the Millennium Exchange trading systems is provided in the excel file named “List of Cleared Securities for Hong Kong member firms”, available in the adjacent paragraph, which has to be consulted in conjunction with the information provided in the 'Disclaimer' also available below.

London Stock Exchange plc ("LSE plc") has not inquired as to whether the securities listed or admitted to trading on LSE plc have been registered with or authorised by the Securities and Futures Commission or any regulatory authority in Hong Kong, and Hong Kong member firms should conduct their own independent due diligence in this regard. As per Part IV, section 103, of the Hong Kong Securities & Futures Ordinance (Cap.571) ("SFO"), products that fall within the definition of "structured products" under the SFO are not intended for investors that are not 'professional investors' in Hong Kong, as defined in the SFO and subsidiary legislation thereunder. Hong Kong member firms must perform their own, independent due diligence on any security they intend to trade to ensure their compliance with applicable Hong Kong law, in particular, if they are acting for a non-professional investor. In the file ' List of Cleared Securities for Hong Kong member firms', Hong Kong member firms of the LSE plc can find information on all the securities available for them to trade on the LSE plc on the MilleniumIT trading system. This includes securities identified by the LSE plc that may be structured products under Hong Kong law. Hong Kong firms, acting for a non-professional investor, are advised to exercise greater care in respect of the nature of these securities and their obligations under applicable Hong Kong law. Such securities identified by the LSE plc may not be a definitive list of structured products, and the LSE plc takes no responsibility for, and accepts no liability in respect of, the identification or failure to identify structured products under Hong Kong law or the trading activity of any Hong Kong member firm.

The list below refers to all LSE securities available for trading on the Millennium Exchange trading system.