132 London stock exchange

London stock exchange group (lse.l) is a diversified international exchange group that sits at the heart of the world's financial community. The group can trace its history back to 1801.

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 the pan-EURopean equities platform, turquoise. Through its markets, the group offers international business, and investors, unrivalled access to EURope's capital markets.

Post trade and risk management services are a significant and growing part of the Group’s business operations.

The group offers its customers an extensive range of real-time and reference data products, Ftse calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London stock exchange group is also a leading developer of high performance trading platforms and capital markets software. In addition to the group’s own markets, over 40 other organisations and exchanges around the world use the group’s millenniumit trading, surveillance and post trade technology.

Headquartered in London, united kingdom with significant operations in Italy, France, North America and Sri Lanka, the group employs approximately 2,800 people.

Capital markets

LSE central economic function is to bring together companies and other issuers seeking capital with investors from around the world.

Primary market

LSE primary markets in London and Italy provide companies and other issuers of equity and debt from around the Globe with cost efficient access to some of the world’s deepest and most liquid pools of capital.

Secondary market

LSE systems provide fast and efficient trading, providing investors and institutions access to UK and Italian equities, pan-EURopean equities (through turquoise), international depositary receipts (on our international order book), EURopean corporate and government bonds (fixed income) and equity and index derivatives (Italian, Norwegian, Russian and UK).

Equities

LSE primary markets are home to a wide range of companies, from global and well known, to small and medium size enterprises. LSE systems allow our members to electronically trade equities listed on our markets. The majority of trading takes place on the main and aim markets, both in London and Italy. Through turquoise, traders can also access pan-EURopean equities.

Derivatives

LSE success in running primary markets has enabled us to develop derivative markets for the trading of emerging market equity derivatives, particularly Russian derivatives. Idem is LSE derivatives market for Italian equities; turquoise trades international order book derivatives and has also launched ftse 100 index futures and options.

133 LIBOR and other interest rate indexes.

LIBOR or ice LIBOR is a benchmark rate that some of the world’s leading banks charge each other for short-term loans. It stands for intercontinental exchange London interbank offered rate and serves as the first step to calculating interest rates on various loans throughout the world. LIBOR is administered by the ice benchmark administration (IBA), and is based on five currencies: U.S. dollar (USD), euro (EUR), Pound sterling (GBP), Japanese yen (JPY) and Swiss franc (CHF), and serves seven different maturities: overnight, one week, and 1, 2, 3, 6 and 12 months.

The LIBOR is among the most common of benchmark interest rate indexes used to make adjustments to adjustable rate mortgages.

There are also some other less-common indexes:

Bond buyer's 20 bond index - bond buyer is a daily publication, commonly known as the red book, featuring many essential statistics and index figures relative to the fixed income markets. This index tracks the prices of a selected group of municipal bonds.

FNMA 30-yr mtg com del 60 days - FNMA is the stock symbol for Fannie Mae, a corporation created by congress to support the secondary mortgage market. It buys mortgages from lenders, securitizes them, and sells the securities to investors. The index measures mortgage commitments (mtg com) for delivery (del) within 30 to 60 days; that is the required net yield on mortgage loans that lenders sell to FNMA, which in turn sells mortgage-backed securities to investors.

Call money- this is the interest rate charged by banks to brokers for money used to finance investors' margin loans.