Euronext Lisbon

{{Infobox exchange

|name = Euronext Lisbon

|nativename =

|logo = New Euronext logo.svg

|image = BolsaValoresPorto.jpg

|type = Stock exchange

|city = Lisbon

|country = Portugal

|founded = {{Start date and age|1769}}

|owner = Euronext

|key_people = Maria João Carioca (CEO)

|currency = EUR

|listings = 56{{cite web |url=http://www.bolsadelisboa.com.pt/cotacoes/accoes-lisboa |title=Cotações, Bolsa de Lisboa |publisher=Euronext |date=2016-07-12 |access-date=2018-12-20}}

|mcap =

|volume =

|indexes = PSI-20

|homepage = {{URL|www.bolsadelisboa.com.pt}}

|footnotes =

}}

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

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

File:Porto July 2014-31a.jpg 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 (Porto Stock Exchange) in Porto 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).{{in lang|pt}} [http://www.millenniumbcp.pt/site/conteudos/40/article.jhtml?articleID=375367 História da Bolsa de Valores de Lisboa] {{webarchive |url=https://web.archive.org/web/20091221011805/http://www.millenniumbcp.pt/site/conteudos/40/article.jhtml?articleID=375367 |date=December 21, 2009 }}, Millennium bcp

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.{{Cite journal |last=Khan |first=Walayet |last2=Vieito |first2=João Paulo |date=2012-04-01 |title=Stock exchange mergers and weak form of market efficiency: The case of Euronext Lisbon |url=https://www.sciencedirect.com/science/article/pii/S1059056011001110 |journal=International Review of Economics & Finance |volume=22 |issue=1 |pages=173–189 |doi=10.1016/j.iref.2011.09.005 |issn=1059-0560}}

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.{{cite press release|title =IntercontinentalExchange Completes Acquisition of NYSE Euronext|publisher =ICE Intercontinental Exchange|date =2013-11-13|url =http://ir.theice.com/investors-and-media/press/press-releases/press-release-details/2013/IntercontinentalExchange-Completes-Acquisition-of-NYSE-Euronext/default.aspx|access-date =2013-12-27|archive-date =2013-12-28|archive-url =https://web.archive.org/web/20131228082700/http://ir.theice.com/investors-and-media/press/press-releases/press-release-details/2013/IntercontinentalExchange-Completes-Acquisition-of-NYSE-Euronext/default.aspx|url-status =dead}}{{cite journal|title =ICE buys NYSE-Euronext. The end of the street|journal =The Economist|volume =2013|issue =November 16|publisher =London, The Economist Newspaper Ltd.|location =New York|date =2013-11-16|url =https://www.economist.com/news/finance-and-economics/21589913-improbable-takeover-highlights-uncertain-future-share-trading-end|issn =0013-0613|access-date =2013-12-27}}{{cite web|title=Intercontinental Exchange Announces Closing of Euronext Initial Public Offering|url=http://ir.theice.com/investors-and-media/press/press-releases/press-release-details/2014/Intercontinental-Exchange-Announces-Closing-of-Euronext-Initial-Public-Offering/default.aspx|work=ICE Press Release|access-date=26 February 2015|archive-date=6 October 2014|archive-url=https://web.archive.org/web/20141006191847/http://ir.theice.com/investors-and-media/press/press-releases/press-release-details/2014/Intercontinental-Exchange-Announces-Closing-of-Euronext-Initial-Public-Offering/default.aspx|url-status=dead}} After this operation, the Euronext Lisbon remained a fully-owned subsidiary of Euronext N.V. headquartered in Paris and registered in Amsterdam.