Market report - December 2007

London Stock Exchange Group PLC
09 January 2008


9 January 2008
ETR - 3


  OVER 200 MILLION ELECTRONIC EQUITY TRADES ON LONDON STOCK EXCHANGE AND BORSA
                              ITALIANA DURING 2007


During 2007, 212 million electronic equity trades, with a combined value of £3.2
trillion (€4.7 trillion), were carried out on the cash markets of Borsa Italiana
and the London Stock Exchange.  The average daily number of trades over the year
increased 55 per cent on 2006 to 839,244, while the average daily value traded
grew 41 per cent to £12.8 billion (€18.6 billion).


A total of 15.9 million equity trades were carried out on the two exchanges'
order books during December 2007, with the total value traded reaching £201.3
billion (€ 274.5 billion).  The average daily number of order book trades during
the month was 861,718, an increase of 47 per cent on the same month last year,
while the average daily value traded increased 21 per cent to £11.0 billion
(€14.9 billion).


UK Order Book


The average daily number of UK equity trades on the order book during 2007 was
up 75 per cent on last year, reaching 530,239, while the average daily value
traded was up 40 per cent to £7.9 billion (€11.5 billion).  The total number of
UK order books trades during the year was 134.2 million, and the total value
traded was £2.0 trillion.


During December 2007, the average daily number of order book trades in UK
equities was 591,841, up 76 per cent on 2006.  Over the same period, the average
daily value traded increased 20 per cent to £6.8 billion.


Italian Order Book


During the year as a whole, the total number of order book trades in Italian
equities reached 73.1 million, an increase of 24 per cent on last year, while
the total value traded reached €1.6 trillion (£1.1 trillion) up 38 per cent on
the total for 2006.


The average daily number of trades in Italian equities during December 2007 was
248,896, up four per cent on December 2006, and the average daily value traded
was €4.7 billion (£3.5 billion), up three per cent.


International Order Books


In 2007, the total number of order book trades in international securities was
4.8 million, an increase of 139 per cent on the 2 million trades during 2006.
The total value traded also grew, up 79 per cent to £147.0 billion (€213.5
billion).


During December 2007, there were 397,536 electronic trades in international
securities across both markets, an increase of 121 per cent on the same month in
2006.  The total value traded was £12.8 billion (€17.4 billion), up 119 per cent
on December 2006.  The average daily number of trades during the month was
20,982, up 122 per cent on December 2006 and the average daily value traded
increased 119 per cent to £673.9 million (€919.0 million).


ETF and ETCs


The total number of electronic trades in ETFs and ETCs during 2007 was 1.5
million, 75 per cent higher than the previous year. The total value traded
during the year nearly doubled, up 97 per cent on the total for 2006 to £34.8
billion (€50.5 billion).


The total number of ETF and ETC trades on the exchanges' markets in December
2007 was 102,159 and the total value traded was £2.9 billion (€4.0 billion).
Compared with December 2006, this was a 36 per cent increase by number of trades
and an 87 per cent increase by total value traded.


Derivatives


In 2007, the total number of derivatives contracts traded across EDX and IDEM
increased 32 per cent on the 2006 to a total of 79.9 million, while the notional
value traded grew 45 per cent to £1.5 trillion (€2.2 trillion).  In December,
5.6 million contracts were traded, with a notional value of £118.4 billion
(€161.5 billion). The average daily number of contracts traded, during the month
increased to 329,165, up 52 per cent compared with December 2006.


Separately, there were 5.0 million trades in securitised derivatives during the
course of 2007, an increase of nine per cent on the number of trades the
previous year.  The total value traded was up 26 per cent on 2006 to £60.6
billion (€88.8 billion).   Of the total, December accounted for 250,624 trades
in securitised derivatives, with a combined value of £2.5 billion (€3.4
billion).


                                   - Ends -


Enquiries:


Catherine Mattison                      [phone]

Anna Mascioni                           [phone]


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.


There were 19 trading days on the London Stock Exchange during December 2007 and
17 trading days on Borsa Italiana and EDX London.  So far this year, there have
been 253 trading days on the London Stock Exchange, one more than during 2006,
while the number of trading days on Borsa Italiana  this year was 252 .


During December, the average daily number of trades on SETS - covering all
equity based order book trading on the London Stock Exchange - was 612,818.
This was an increase of 77 per cent on December 2006.   The average daily value
traded on SETS during the month was £7.5 billion, an increase of 26 per cent on
December 2006.  The average daily number of trades on SETS for the year as a
whole was 548,893, and the average value traded was £8.5billion.


Primary market data for December will be available on the websites of London
Stock Exchange and Borsa Italiana later in the month.


The December 2007 value traded figures use a €:£ exchange rate of 1.3636.  The
exchange rate used for December 2006 was 1.4892.  The total value traded year to
date figures use an average exchange rate for each month.


                      BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING

                                             December 2007                               December 2006
                                                                     Totals

                                  Trades     Value Traded     Value             Trades    Value Traded    Value
                                                  £m        Traded €m                          £m       Traded €m

       UK equities                11,244,975    129,747.1      176,923.9        6,403,955    107,923.5   160,720.0
    Italian equities               4,231,229     58,747.9       80,108.9        4,559,044     58,431.9    87,016.9
 International equities              397,536     12,796.6       17,449.5          179,624      5,834.3     8,688.5
       ETFs & ETCs                   102,159      2,903.3        3,959.0           75,339      1,550.5     2,309.0
 Securitised Derivatives             250,624      2,468.5        3,366.1          398,330      5,771.0     8,594.2
 Derivatives (EDX, IDEM)           5,595,797    118,427.3      161,488.2        4,125,859     88,134.1   131,249.7


                                                                  Average daily

       UK equities                   591,841      6,828.8        9,311.8          337,050      5,680.2     8,458.9
    Italian equities                 248,896      3,455.8        4,712.3          239,950      3,075.4     4,579.8
 International equities               20,982        673.9          919.0            9,454        307.1       457.3
       ETFs & ETCs                     5,916        163.5          223.0            3,965         81.6       121.5
 Securitised Derivatives              14,742        145.2          198.0           20,965        303.7       452.3
 Derivatives (EDX, IDEM)             329,165      6,966.3        9,499.3          217,150      4,638.6     6,907.9

                                       January to December 2007                    January to December 2006
                                                                     Totals

                                  Trades     Value Traded     Value             Trades    Value Traded    Value
                                                  £m        Traded €m                          £m       Traded €m

       UK equities               134,150,345  1,999,926.4    2,911,972.6       76,218,327  1,426,606.6 2,091,558.0
    Italian equities              73,077,146  1,080,333.1    1,574,805.1       58,700,390    783,261.5 1,148,150.8
 International equities            4,810,470    146,994.8      213,539.7        2,010,412     82,334.8   120,741.0
       ETFs & ETCs                 1,500,580     34,759.6       50,469.0          859,873     17,630.2    25,870.4
 Securitised Derivatives           4,969,969     60,615.8       88,781.4        4,564,202     48,259.2    70,902.8
 Derivatives (EDX, IDEM)          79,934,925  1,476,673.5    2,151,003.7       60,450,174  1,016,869.2 1,490,286.8

                                                                  Average daily

       UK equities                   530,239      7,904.8       11,509.8          302,454      5,661.1     8,299.8
    Italian equities                 289,989      4,287.0        6,249.2          231,104      3,083.7     4,520.3
 International equities               19,017        581.0          844.1            8,186        328.4       481.5
       ETFs & ETCs                     5,952        137.7          200.0            3,388         69.6       102.1
 Securitised Derivatives              19,722        240.5          352.3           17,969        190.0       279.1
 Derivatives (EDX, IDEM)             317,879      5,866.2        8,545.0          238,894      4,009.6     5,876.4

For Derivatives, the values used are notional values while 'trades' refer to contracts traded


                      This information is provided by RNS
            The company news service from the London Stock Exchange