View source for Euronext Lisbon

{{short description|Stock exchange in Lisbon, Portugal}}
{{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 ([[Chief executive officer|CEO]])
|currency   = [[Euro|EUR]]
|listings   = 56<ref>{{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}}</ref>
|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 [[Bond (finance)|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. [[Derivative (finance)|Derivatives]] include long-term interest rate futures, three-month Lisbor futures, stock index futures and options on the [[PSI-20]] Stock index, and [[Portugal|Portuguese]] stock futures. Trading hours are 8 a.m. to 4:30&nbsp;p.m., Monday through Friday.

==History==
[[File:Porto July 2014-31a.jpg|thumb|The [[Palácio da Bolsa|Stock Exchange Palace]] 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 [[Praça do Comércio|Commerce Square]], Lisbon downtown. In 1891, the ''Bolsa de Valores do Porto'' (Porto Stock Exchange) in [[Porto]] was founded.

After the [[Carnation Revolution|military coup]] on April 25, 1974, both the [[Lisbon Stock Exchange|Lisbon and Porto stock exchanges]] were closed by the revolutionary ''[[National Salvation Junta]]'' (they would be reopened a couple of years later).<ref>{{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]]</ref>

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 contract|futures]] and [[option (finance)|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 exchange|stock exchanges]], improved market efficiency during the post-merger period and marked a new milestone in the financial development of Portugal.<ref>{{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|url-access=subscription }}</ref>

In 2007, after the merger of [[Euronext]] and the [[NYSE]], Euronext Lisbon joined the new [[NYSE Euronext]] group, the largest corporation operating multiple [[Exchange (organized market)|securities exchanges]] in the world. A few years later, part of a [[Intercontinental Exchange]]'s deal to acquire NYSE Euronext was a [[Corporate spin-off|spin-off]] for Euronext. In June 2014 Euronext completed an [[initial public offering]] making it again a standalone company.<ref name="ice1">{{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}}</ref><ref name="ice2">{{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}}</ref><ref name="ice3">{{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}}</ref> After this operation, the Euronext Lisbon remained a fully-owned subsidiary of Euronext N.V. headquartered in Paris and registered in Amsterdam.

==See also==
*[[List of European stock exchanges]]
*[[Portuguese Securities Market Commission]]
*[[Euronext Amsterdam]]
*[[Euronext Brussels]]
*[[Euronext Paris]]

==References==
{{Reflist}}

==External links==
*[https://www.bolsadelisboa.com.pt Euronext Lisbon]

{{PSI-20 companies}}
{{Euronext topics}}
{{Portugal topics}}
{{Authority control}}

{{Coord|38.7210105|-9.1456241|display=title|type:landmark_region:PT-11}}

[[Category:Financial services companies of Portugal]]
[[Category:Economy of Lisbon]]
[[Category:Economy of Portugal]]
[[Category:Companies based in Lisbon]]
[[Category:Financial services companies established in 2002]]
[[Category:2002 establishments in Portugal]]
[[Category:Euronext national listing venues|Lisbon]]