Market Report April 2011

RNS Number : 1230G

London Stock Exchange Group PLC

06 May 2011

 



06 May 2011

ETR - 43

MONTHLY MARKET REPORT - April 2011

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community, offering international business unrivalled access to Europe's capital markets. In April a total of 21.9 million trades were carried out across the Group's electronic equity order books with a combined value of £161.1 billion (€182.4 billion), down 13 per cent on April 2010 (£184.4 billion). The fall in both aggregate and daily volumes may be explained by an unusual holiday pattern in the UK in April 2011.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.4 billion (€5 billion), down 10 per cent year on year; the average daily number of trades increased six per cent to 585,111.

The LSE'S share of trading in the lit UK order book for April was 63.5 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 271,738, down two per cent on the same month last year, whilst the average daily value traded on the order book decreased 13 per cent year on year to €3.3 billion (£2.9 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in April was €1.2 billion (£1 billion) up 16 per cent on the same month last year. The average daily number of trades was up 38 per cent at 267,754.

On the dark mid-point book, Turquoise traded an average daily value of €227 million (£200 million), up 77 per cent on April 2010.  There were a total of 29,578 trades, an increase of over 45 per cent year on year.

Turquoise's total share of European order book trading for March was 4.4 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 8,066,635, up 19 per cent compared with April 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in April was down three per cent year on year to £9.3 billion (€10.5 billion). The total number of trades was down 14 per cent reaching 321,845.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 13 per cent year on year at €12.2 billion (£10.8 billion). On the MTS Repo market, the average term adjusted daily value traded increased by two per cent year on year to €259.68 billion (£229.2 billion).

The average daily value traded on the Group's retail bond markets was €707 million (£625 million), down 27 per cent on the same month last year. The average daily number of trades was down nine percent at 13,904.

-ends -

For further information, please contact:

Lauren Crawley-Moore                                  [phone]

Anna Mascioni                                               [phone]  

                                                                          [e-mail]

Additional Information:

This release uses only electronic trading data; trades that are reported to the either London Stock Exchange or Borsa Italiana under their rules but executed away from their electronic order books are not included.

Figures for the UK and Italian order books include cash equity trades in domestic and international equities, Exchange traded products and Securitised Derivatives.

There were respectively 18 and 19 trading days on the London Stock Exchange and Borsa Italiana in April 2011 and 20 in April 2010.

The April 2011 value traded figures use a € per £ exchange rate of 1.13. The exchange rate used for April 2010 was 1.14.

About London Stock Exchange:

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. 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 Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING
		April 2011					April 2010
		Totals
		Trades	Value Traded £m	Value Traded €m			Trades	Value Traded £m	Value Traded €m
UK order book		9,069,763	59,020	66,847			10,191,911	82,671	94,529
Italian order book		4,561,136	46,947	53,173			4,755,686	55,912	63,932
International Equities		1,648,533	18,226	20,643			1,094,753	14,617	16,714
ETFs & Other ETPs		321,845	9,324	10,560			373,103	9,608	10,986
Securitised Derivatives		93,746	801	907			126,662	1,051	1,202
Derivatives (EDX & IDEM)		8,066,635	50,959	57,717			6,774,947	63,408	72,503
Retail Bonds		264,180	11,866	13,439			306,312	16,946	19,377
MTS Cash		41,503	204,722	231,871			37,134	189,727	216,941
MTS Repo		55,734	4,356,307	4,934,015			45,565	4,440,514	5,077,455
Turquoise Integrated		5,622,835	22,542	25,531			3,891,182	18,312	20,939
Turquoise MidPoint		621,131	4,206	4,764			408,523	2,238	2,559
		Average daily
UK order book		503,876	3,279	3,714			509,596	4,134	4,726
Italian order book		240,060	2,471	2,799			237,784	2,796	3,197
International Equities		90,816	1,007	1,141			54,738	731	836
ETFs & Other ETPs		17,163	503	569			18,655	480	549
Securitised Derivatives		4,935	42	48			6,333	53	60
Derivatives (EDX & IDEM)		400,316	2,644	2,995			338,747	3,170	3,625
Retail Bonds		13,904	625	707			15,316	847	969
MTS Cash		2,184	10,775	12,204			1,857	9,486	10,847
MTS Repo		2,933	229,279	259,685			2,278	222,026	253,873
Turquoise Integrated		267,754	1,073	1,216			194,559	916	1,047
Turquoise MidPoint		29,578	200	227			20,426	112	128
		January to April 2011					January to April 2010
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades		Value Traded £m	Value Traded €m
UK order book		44,789,708	305,620	355,580		44,066,717		350,280	396,173
Italian order book		22,714,112	222,654	258,905		19,166,091		196,791	222,730
International Equities		7,342,995	83,362	96,918		4,384,761		58,544	66,185
ETFs & Other ETPs		1,675,302	43,796	50,916		1,365,092		35,338	39,996
Securitised Derivatives		495,447	4,005	4,664		502,748		4,104	4,640
Derivatives (EDX & IDEM)		27,819,791	265,008	307,991		24,526,994		252,594	285,525
Retail Bonds		1,280,811	54,318	63,192		1,241,116		69,377	78,460
MTS Cash		192,792	906,862	1,054,444		154,584		816,408	922,989
MTS Repo		240,059	19,780,840	22,995,705		185,249		16,625,205	18,797,731
Turquoise Integrated		24,776,875	100,268	116,471		16,263,855		72,455	81,991
Turquoise MidPoint		2,790,043	18,231	21,188		1,077,371		6,384	7,223
		Average daily
UK order book		552,959	3,773	4,390			530,924	4,220	4,773
Italian order book		273,664	2,683	3,119			230,917	2,371	2,683
International Equities		90,246	1,026	1,193			52,828	705	797
ETFs & Other ETPs		20,298	533	620			16,447	426	482
Securitised Derivatives		5,970	48	56			6,057	49	56
Derivatives (EDX & IDEM)		335,178	3,193	3,711			295,506	3,043	3,440
Retail Bonds		15,432	654	761			14,953	836	945
MTS Cash		2,323	10,926	12,704			1,862	9,836	11,120
MTS Repo		2,892	238,323	277,057			2,232	200,304	226,479
Turquoise Integrated		905,951	3,679	4,308			591,629	2,588	2,920
Turquoise MidPoint		102,936	668	782			31,249	196	220
Figures for the UK and Italian order books include cash equity trades in domestic and international equities, Exchange traded products and Securitised Derivatives. For Derivatives, the values used are notional values while "trades" refer to contracts traded.  Value traded figures for MTS Repo are term-adjusted, and totals for MTS Cash include BondVision.

 

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