Market Report August 2011

RNS Number : 7915N

London Stock Exchange Group PLC

07 September 2011

 



07 September 2011

ETR - 47

MONTHLY MARKET REPORT - august 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 August a total of 42.9 million trades were carried out across the Group's electronic equity order books with a combined value of £259.3 billion (€295.8 billion), up 73 per cent on August 2010 (£150.1 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £6.2 billion (€7.0 billion), up 53 per cent year on year; the average daily number of trades was up 69 per cent to 888,621.

The LSE's share of trading in the total UK order book for August was 60.0 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 334,541, up 62 per cent on the same month last year, whilst the average daily value traded on the order book increased 32 per cent year on year to €3.2 billion (£2.8 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in August was €2.9 billion (£2.5 billion) up 189 per cent on the same month last year. The average daily number of trades was up 202 per cent at 664,672.

On the dark mid-point book, Turquoise traded an average daily value of €218 million (£191 million), up 11 per cent on August 2010.  There were an average daily total of 32,175 trades, an increase of 10 per cent year on year.

Turquoise share of Pan European trading for August was 6.3 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 7.9 million, up 53 per cent compared with August 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in August was up 110 per cent year on year to £16.9 billion (€19.3 billion). The total number of trades was up 63 per cent at 517,203.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up two per cent year on year at €8.8 billion (£7.7 billion). On the MTS Repo market, the average term adjusted daily value is up 21 per cent year on year at €255.4 billion (£223.9 billion).

The average daily value traded on the Group's retail bond markets was €700 million (£614 million), down four per cent on the same month last year. The average daily number of trades was up 42 per cent at 16,988.

-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 22 trading days in August 2011 on the London Stock Exchange, Turquoise and Borsa Italiana. In August 2010 there were 21 trading days on the London Stock Exchange and Turquoise and 22 on Borsa Italiana.

The August 2011 value traded figures use a € per £ exchange rate of 1.14.  The exchange rate used for August 2010 was 1.22.

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
		August-11				August-10
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		19,549,659	135,716	154,806		11,059,255	84,665	102,795
Italian order book		7,359,901	61,705	70,385		4,546,283	43,985	53,403
Derivatives		7,874,630	73,166	83,458		5,140,631	51,577	62,622
Retail Bonds		373,726	13,503	15,402		262,694	13,195	16,021
MTS Cash		34,033	169,191	192,990		35,556	155,673	189,008
MTS Repo		64,318	4,925,339	5,618,141		53,248	3,833,226	4,654,053
Turquoise Integrated		15,287,447	57,472	65,556		4,848,446	17,888	21,718
Turquoise MidPoint		740,029	4,397	5,016		644,899	3,555	4,317
Average Daily
UK order book		888,621	6,169	7,037		526,631	4,032	4,895
Italian order book		334,541	2,805	3,199		206,649	1,999	2,427
Derivatives		357,938	3,326	3,794		233,665	2,344	2,846
Retail Bonds		16,988	614	700		11,941	600	728
MTS Cash		1,547	7,691	8,772		1,616	7,076	8,591
MTS Repo		2,924	223,879	255,370		2,420	174,238	211,548
Turquoise Integrated		664,672	2,499	2,850		220,384	813	987
Turquoise MidPoint		32,175	191	218		29,314	162	196
		January to August 2011				January to August 2010
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		112,030,493	837,439	961,654		100,899,450	835,292	971,341
Italian order book		51,306,504	519,351	596,584		46,124,384	499,424	581,026
Derivatives		61,767,921	593,467	680,309		55,477,022	545,848	635,268
Retail Bonds		2,731,128	110,987	127,460		2,482,216	133,331	154,818
MTS Cash		354,453	1,682,167	1,933,632		295,586	1,469,476	1,704,672
MTS Repo		491,463	39,523,017	45,384,914		393,753	33,488,375	38,979,282
Turquoise Integrated		64,022,382	254,127	291,102		36,865,195	154,942	180,552
Turquoise MidPoint		5,340,437	34,281	39,398		3,718,811	20,641	24,293
Average Daily
UK order book		674,882	5,045	5,793		604,188	5,002	5,816
Italian order book		301,803	3,055	3,509		271,320	2,938	3,418
Derivatives		363,341	3,491	4,002		326,335	3,211	3,737
Retail Bonds		16,066	653	750		14,601	784	911
MTS Cash		2,085	9,895	11,374		1,739	8,644	10,027
MTS Repo		2,891	232,488	266,970		2,316	196,990	229,290
Turquoise Integrated		374,400	1,486	1,702		216,854	911	1,062
Turquoise MidPoint		31,231	200	230		21,875	121	143
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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