Market Report February 2010

RNS Number : 1500I

London Stock Exchange Group PLC

05 March 2010

 



05 March 2010

ETR - 29

AVERAGE DAILY VALUE TRADED UP 25 PER CENT IN FEBRUARY

- Average daily trading on the international order book almost doubles

The average daily value traded across London Stock Exchange Group's equity markets during February increased 25 per cent year on year to £7.4 billion (€8.5 billion).  The average daily number of trades was 865,706, one per cent lower than February 2009. 

UK Cash Equities

The average daily value traded on the UK equity order book was £4.4 billion (€5.1 billion), an increase of 10 per cent year on year, while the average daily number of trades was down nine per cent at 566,718.

Italian Cash Equities

The average daily number of trades in Italian equities was 246,227, up 16 per cent on the same month last year. The average daily value traded during the month also grew, reaching €2.7billion (£2.3 billion), a 49 per cent increase on last year.

International Cash Equities

During February, the average daily value traded in international stocks on the Group's equity order books nearly doubled, up 99 per cent year on year, totalling £670 million (€765 million). Meanwhile the average daily number of trades was 52,761, up 35 per cent on last February.

ETFs and ETCs

Trading in ETFs and ETCs during the month was strong, with the average daily number of trades up 60 per cent year on year, totalling 15,609. The average daily value traded was up 38 per cent to £428 million (€489 million).

Derivatives

The average daily number of contracts traded on the Group's derivatives markets, EDX London and IDEM, was down 24 per cent on February 2009 but up 13 per cent on last month at 302,540. The average daily notional value traded was £2.9 billion (€3.4 billion), 12 per cent lower than the same month last year.

On EDX London, the total number of IOB derivative contracts traded in February was up 56 per cent on last year to 3,109,415.

Fixed income

Trading on the MTS Cash markets remained strong, with the average daily value traded during the month up by 68 per cent year on year at €10.7 billion (£9.4 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 70 per cent year on year to €207.4 billion (£181.7 billion).

The average daily value traded during February on the Group's retail bond markets was €1billion (£887 million), in line with same month last year. The average daily number of trades was 10 per cent lower than the same month last year at 15,238.

-ends -

For further information, please contact:

Lauren Crawley-Moore [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 20 trading days on the London Stock Exchange and on Borsa Italiana during February 2010, the same as the previous year.

During February, the average daily number of trades on SETS - covering all equity based order book trading on the London Stock Exchange - was 603,575 down 7 per cent on February 2009.  The average daily value traded was £5.1 billion, an increase of 15 per cent year on year.

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

The February 2010 value traded figures use a € per £ exchange rate of 1.14. The exchange rate used for February 2009 was 1.12.

January 2010 derivative data has been restated. The average daily number of contracts traded on the Group's derivatives markets, EDX London and IDEM in January 2010 was down 25 per cent on January 2009, at 267,742, while the average notional value traded was £2.7 billion (€3.1 billion), down 32 per cent.

BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING
		February 2010				February 2009
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK equities		11,334,354	88,786	101,349		12,459,609	80,576	90,850
Italian equities		4,924,542	46,643	53,242		4,248,279	31,700	35,742
International equities		1,055,222	13,408	15,305		783,976	6,740	7,600
ETFs & ETCs		312,179	8,559	9,770		194,857	6,193	6,983
Securitised Derivatives		133,467	975	1,113		155,526	662	746
Derivatives (EDX & IDEM)		6,050,790	58,753	67,066		7,979,227	66,836	75,358
Retail Bonds		304,767	17,740	20,250		339,107	18,002	20,297
MTS Cash		36,229	187,438	213,960		26,952	113,200	127,634
MTS Repo		42,961	3,633,765	4,147,932		44,154	2,164,155	2,440,107
		Average daily
UK equities		566,718	4,439	5,067		622,980	4,029	4,542
Italian equities		246,227	2,332	2,662		212,414	1,585	1,787
International equities		52,761	670	765		39,199	337	380
ETFs & ETCs		15,609	428	489		9,743	310	349
Securitised Derivatives		6,673	49	56		7,776	33	37
Derivatives (EDX & IDEM)		302,540	2,938	3,353		398,961	3,342	3,768
Retail Bonds		15,238	887	1,012		16,955	900	1,015
MTS Cash		1,811	9,372	10,698		1,348	5,660	6,382
MTS Repo		2,148	181,688	207,397		2,208	108,208	122,005
		January to February 2010				January to February 2009
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK equities		22,413,921	172,710	196,388		25,742,458	171,361	189,724
Italian equities		9,470,926	91,047	103,528		8,700,010	64,884	71,883
International equities		2,067,101	26,981	30,676		1,563,192	13,334	14,781
ETFs & ETCs		647,647	16,939	19,259		385,306	12,073	13,386
Securitised Derivatives		248,348	1,843	2,096		322,942	1,479	1,636
Derivatives (EDX & IDEM)		11,405,626	113,983	129,612		14,589,334	152,374	168,517
Retail Bonds		579,190	32,680	37,169		708,724	37,272	41,284
MTS Cash		73,610	398,033	452,446		53,125	226,620	251,160
MTS Repo		86,523	7,418,751	8,434,197		93,952	4,548,044	5,036,390
		Average daily
UK equities		560,348	4,318	4,910		627,865	4,180	4,627
Italian equities		236,773	2,276	2,588		212,195	1,583	1,753
International equities		51,678	675	767		38,127	325	361
ETFs & ETCs		16,191	423	481		9,398	294	326
Securitised Derivatives		6,209	46	52		7,877	36	40
Derivatives (EDX & IDEM)		285,141	2,850	3,240		355,837	3,716	4,110
Retail Bonds		14,480	817	929		17,286	909	1,007
MTS Cash		1,840	9,951	11,311		1,296	5,527	6,126
MTS Repo		2,163	185,469	210,855		2,292	110,928	122,839
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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