Market report - January 2007
London Stock Exchange Group PLC
12 February 2007
News Release
12 February 2007
MR67-12.02
EXCHANGE STARTS 2007 WITH 61 PER CENT INCREASE IN SETS ACTIVITY
The London Stock Exchange made a very strong start to 2007 with record trading
activity across its markets. The number of SETS trades increased 61 per cent on
January 2006 to 8.7 million, the highest number of trades ever recorded on the
electronic order book in a single month, while the value traded rose by 33 per
cent to £156.5 billion. The average daily number of trades on SETS in January
increased 54 per cent on last January to 397,215, and the average daily value
traded rose by 27 per cent to £7.1 billion.
Included in the SETS figures, SETSmm had a particularly strong month, with the
total number of trades more than doubling year on year, increasing 106 per cent
to a record-breaking two million, equivalent to an average of 91,205 trades per
day. The total value traded grew 74 per cent compared with January 2006 to
£14.5 billion.
Also included in the SETS figures, the Exchange's International Order Book (IOB)
had an excellent month, with a 66 per cent increase in the number of trades
compared with January last year to 79,419, and an increase of 61 per cent in the
value traded to $12.4 billion.
The total number of UK equity trades increased 50 per cent compared with January
2006 to a record 9.8 million, while the total value of UK equities traded during
the month was also a record at £327.0 billion, up 22 per cent on January 2006.
Trading in ETFs continued to grow with the value traded up 104 per cent year on
year to £2.4 billion, while the number of trades increased 68 per cent to
34,884.
January was also a good month for EDX London, the London Stock Exchange's
derivatives business. Trading in the new Russian derivatives service reached a
total of 46,618 contracts during the month, with a combined value of $468.3
million. Trading in Nordic derivatives was up 26 per cent on January 2006 to a
total 2.8 million contracts, the second busiest month on record.
AIM attracted IPOs from nine companies during January, raising a total of £147
million between them, nearly double the amount raised by new AIM IPOs during the
same month last year.
RNS, the Exchange's service for the dissemination of company news, transmitted a
total of 16,377 company announcements during January, a 20 per cent increase on
January last year. Of these 5,288 were news and results announcements,
representing 86 per cent of all company news and results announcements issued in
the UK.
There were 22 trading days in January 2007, one more than in January 2006.
- ends -
For further information, please contact:
Saphina Benimadhu Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
Notes to editors:
• About the London Stock Exchange
The London Stock Exchange is the world's premier international equity exchange
and a leading provider of services that facilitate the raising of capital and
the trading of shares.
The London Stock Exchange is the most international equities exchange in the
world and Europe's largest pool of liquidity. By the end of 2006, the market
capitalisation of UK and international companies on the London Stock Exchange's
markets amounted to £4.4 trillion, with £6.7 trillion of equity business
transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the
Financial Services and Markets Act 2000 and is supervised by the Financial
Services Authority.
Companies considering flotation have a choice of markets:
AIM
AIM is the London Stock Exchange's international market specifically designed
for smaller, growing companies, combining the benefits of a public flotation
with appropriate levels of regulation.
Main Market
The London Stock Exchange's Main Market for established companies seeking
international recognition is one of the world's best known, longest-established
and most liquid markets. It is home to some of the world's largest and most
successful companies, giving them access to one of the deepest pools of capital
in the world.
Professional Securities Market
The Professional Securities Market was established in July 2005, to coincide
with the introduction of the FSA's new Listing Rules. PSM provides a solution
for those issuers seeking to list securities in London without having to
re-state their financial information to IFRS or follow the additional
requirements of an offering to retail investors. Debt securities or depository
receipts of any denomination may be listed on PSM on production of a prospectus
aimed at a wholesale or professional audience.
• IPO
An IPO or Initial Public Offering is when a new company joins one of our markets
and raises capital by issuing shares. This excludes transfers and introductions
(when companies join the market without raising money).
• Indices
Indices are calculated and managed by FTSE Group, a world-leader in the creation
and management of global equity indices. The FTSE Group is jointly owned by the
London Stock Exchange and the Financial Times, but operates as an autonomous
company.
For information about the company or any FTSE indices, please contact
media@ftse.com
• SETS - the electronic order book
It is over eight years since the launch of SETS and the order book continues to
go from strength to strength, compressing spreads and significantly improving
liquidity. SETS has recently delivered record increases in the number of orders
entered and executed as new technology improves efficiency and fuels growth.
• SETSmm
SETSmm is the Exchange's trading service for FTSE 250 and other leading non
order book securities. By combining the best features of the existing SETS and
SEAQ trading services, SETSmm appeals to market users who want to trade
electronically, as well as those customers who use the market making system.
• International Order Book (IOB)
The IOB is the Exchange's order book for the trading of international Depositary
Receipts, negotiable certificates which represent ownership of a given number of
a company's shares and can be listed and traded independently from the
underlying shares.
• Retail Trading Figures
Retail trading figures are available from our website at -
www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE - MONTHLY FACTSHEET FIGURES
JANUARY 2007
2007 2006
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 327,038 327,038 268,040 268,040
Number of Equity Trades 9,811,354 9,811,354 6,555,507 6,555,507
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 348,325 348,325 301,263 301,263
Number of Equity Trades 2,600,353 2,600,353 1,975,354 1,975,354
ORDER BOOK TRADING
Order Book Value (£m) 156,506 156,506 117,749 117,749
Order Book Trades 8,738,731 8,738,731 5,418,950 5,418,950
January 2007 January 2006
DOMESTIC MARKET CAPITALISATION (£bn) 2,016 1,887
TOTAL NUMBER OF COMPANIES 3,246 3,088
Main Market UK 1,270 1,345
Main Market International 318 330
of which techMARK 131 148
AIM 1,635 1,408
Professional Securities Market (Equity only) 23 5
2007 2006
MONEY RAISED (£m) Month Year to date Month Year to date
Equity Money Raised:
New issues: Main Market UK - - 27 27
New issues: Main Market International - - - -
New issues: AIM 151 151 107 107
Further issues: Main Market UK 273 273 165 165
Further issues: Main Market 3 3 284 284
International
Further issues: AIM 318 318 300 300
PSM (new & further, UK & International) - - 103 103
COMPANIES ADMITTED 17 17 30 30
Debt Money Raised (£m)
Main Market UK 10,974 10,974 12,426 12,426
Main Market International 19,177 19,177 9,197 9,197
PSM ( PSM (UK & International) 353 353 2,148 2,148
This information is provided by RNS
The company news service from the London Stock Exchange