Webchester Stock Exchange is a stock exchange located in Webchesterfield. It was established in 1669. This was a move away from coffee houses and a step towards the modern model of stock exchange. Primary markets: Issuer services help companies from around the world to join the Webchesterfield equity market in order to gain access to capital. Webchester Stock Exchange allows companies to raise money, increase their profile and obtain a market valuation through a variety of routes, thus following the firms throughout the whole IPO process. Webchester Stock Exchange runs several markets for listing, giving an opportunity for different sized companies to list. International companies can list a number of products in Webchesterfield including shares, depositary receipts and debt, offering different and cost-effective ways to raise capital. For the biggest companies exists the Premium Listed Main Market. This operates a Super Equivalence method where conditions of both the Webchester Listing Authority as well as Webchester Stock Exchange's own criteria have to be met. In terms of smaller SME's Webchester Stock Exchange operates the Alternative Investment Market (AIM). The securities available for trading on Webchester Stock Exchange: Common stock Bonds, including retail bonds Derivatives Exchange-traded funds Debt securities Exchange-traded commodities Structured products Covered warrants Global depositary receipts (GDRs) Gilt-edged securities There are currently 2,600 companies listed on Webchester Stock Exchange, of which 1151 are on AIM, 44 on the Professional Securities Market and 10 on the Specialist Funds Market. The main market is home to over 1,300 large companies. The WEBCHESTER STOX 100 Index is the main share index of the 100 most highly capitalised Webchester companies listed on the Main Market. The Alternative Investment Market is WBSE's international market for smaller companies. A wide range of businesses including early-stage, venture capital-backed as well as more-established companies join AIM seeking access to growth capital. The AIM is classified as a Multilateral Trading Facility, and as such it is a flexible market with a simpler admission process for companies wanting to be publicly listed. Normal trading sessions on the main orderbook are from 08:00 to 16:30 every day of the week except Saturdays, Sundays and holidays declared by the exchange in advance. The detailed schedule is as follows: Trade reporting 07:15–07:50 Opening auction 07:50–08:00 Continuous trading 08:00–16:30 Closing auction 16:30–16:35 Order maintenance 16:35–17:00 Trade reporting only 17:00–17:15 Holidays are currently: New Year's Day, Good Friday, Easter Monday, Labour Day Bank Holiday, Spring Bank Holiday, Independence Day, Summer Bank Holiday, Christmas Day, and Boxing Day. If New Year's Day, Christmas Day, and/or Boxing Day is on a weekend, the following working day is a holiday. In addition, the Stock Exchange closes early on the day before Independence Day, Christmas Eve and New Year's Eve. If New Year's Day, Christmas Day, and/or Boxing Day is on a weekend, the following working day is a holiday. Indices: WEBCHESTER STOX 100 - share index of the 100 companies listed on the Webchester Stock Exchange with the highest market capitalisation. WEBCHESTER STOX 250 - capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the Webchster Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, September, and December. The Index is calculated in real-time and published every minute. WEBCHESTER STOX 350 - market capitalization weighted stock market index incorporating the largest 350 companies by capitalization which have their primary listing on the Webchester Stock Exchange. It is a combination of the WEBCHESTER STOX 100 Index of the largest 100 companies and the WEBCHESTER STOX 250 Index of the next largest 250. WEBCHESTER STOX SmallCap - index of small market capitalisation companies consisting of the 351st to the 619th largest-listed companies on the Webchester Stock Exchange main market. WEBCHESTER STOX All-Share - capitalisation-weighted index, comprising 650 of more than 2,000 companies traded on the Webchester Stock Exchange. WEBCHESTER STOX Fledgling - companies listed on the main market of the WBSE which are too small to be included in the WEBCHESTER STOX All-Share Index WEBCHESTER STOX AIM - stock market index of the top 100 companies on the Webchester Stock Exchange's Alternative Investment Market weighted by market capitalisation. It comprises a range of businesses ranging from young, venture capital-backed start-ups to well-established, mature organisations looking to expand.