– Equity trading fees from today across the Group to be donated to charity
– Over £500,000 expected to be raised
– LSEG Foundation's partner charities open London trading
London Stock Exchange Group (LSEG) will today donate a day's worth of equity trading fees from London Stock Exchange, Borsa Italiana and Turquoise – expected to be in excess of £500,000 – to charity.
Distributed through LSEG Foundation, the money raised will help support a wide range of charities in the communities in which the Group operates. These include Friendship Works, a London-based youth mentoring organisation; In-Presa, a youth development charity based in Milan; UNICEF, a leading global charity supporting children, and Habitat for Humanity Sri Lanka, a housing charity working with communities in Sri Lanka.
To celebrate the occasion, representatives from the charities attended a Market Open Ceremony in London this morning. It was hosted by Mark Makepeace, FTSE chief executive, who sits on the LSEG Foundation committee. In Milan, Borsa Italiana will host the conference "Children are everyone's business. Children's rights and business principles" in collaboration with UNICEF.
Mark Makepeace, CEO, FTSE and Global Head of Information Services, LSEG said:
"We are thrilled to be able to welcome our partner charities to open the market today at the start of what we hope will be a buoyant day of trading. The support of our customers in helping to raise money for these important causes is key; last year we raised over £500,000 and we are confident of topping that total today."
Last year, trading fees totalling £533,000 were donated to 24 charities through the LSEG Foundation, which has donated over £2.8 million to a number of charities since its launch in 2010.
David Bull, UNICEF UK's Executive Director, said:
"Congratulations to all involved in today's event. We're delighted to have partnerships with FTSE and London Stock Exchange which have enabled us to provide clean water, nutritional supplements and vital medicine to millions of children across the world. Recently London Stock Exchange Group supported our emergency work in the Philippines, where nearly six million children were affected by Typhoon Haiyan."