Market report - January 2008

London Stock Exchange Group PLC
06 February 2008


6 February 2008

ETR - 4


           ELECTRONIC EQUITY TRADING UP 85 PER CENT TO RECORD LEVELS ON 
                    LONDON STOCK EXCHANGE AND BORSA ITALIANA 

New records were achieved in trading on the equity order books of Borsa Italiana
and the London Stock Exchange during January 2008.  The average daily number of
electronic equity trades carried out across the two exchanges increased 85 per
cent on January last year to 1.3 million, while the average daily value traded
grew 45 per cent to £15.3 billion (€20.5 billion).  The total number of
electronic equity trades during the month was 27.7 million, and the total value
traded amounted to £337.5 billion (€451.4 billion).


UK Order Book


These totals included record levels of trading on the UK equity order book.  The
total number of trades during January 2008 reached 19.4 million, or an average
of 883,793 trades per day, up 130 per cent on January 2007.   Trading activity
exceeded a million trades on four days during January 2008, including 22
January, which was the busiest single day on record with almost 1.4 million
trades.


The total value traded during the month was £225.5 billion (€301.6 billion), up
54 per cent on last year, and the average daily value traded was £10.3 billion
(€13.7 billion).


Italian Order Book


The average daily number of trades in Italian equities during January 2008 was a
record at 330,549, an increase of 27 per cent on the same month last year.  The
average daily value traded was up 15 per cent year on year to €5.5 billion (£4.1
billion).  The total number of trades was 7.3 million, and the total value
traded was €121.1 billion (£90.5 billion). January 22 was again the biggest
single day on record, with a total of 559,287 electronic equity trades.


International Order Books


There were 945,549 electronic trades in international equities across the two
exchanges' markets during January 2008, an increase of 25 per cent year on year.
The value traded increased by more than a third, up 36 per cent on January
last year to £21.4 billion (€28.6 billion).


ETF and ETCs


It was also a record month for trading in ETFs and ETCs across the two markets.
The total value traded more than doubled compared with January last year, up 140
per cent year on year to £5.6 billion (€7.5 billion).  The total number of
trades also increased, up 42 per cent to 195,625.


Derivatives


8.5 million contracts were traded on EDX London and IDEM during the month, 63
per cent more than during January 2007.  The notional value traded was also up,
increasing 49 per cent year on year to £144.8 billion (€193.7 billion).


Separately, there were 283,846 trades in securitised derivatives during the
month, amounting to a total value traded of £2.4 billion (€3.2 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.  Please note that
certain securities classed as equities for the purposes of this report are
categorised separately in the monthly key figures published by Borsa Italiana.


There were 22  trading days on both the London Stock Exchange and Borsa Italiana
during January 2008, the same number as the previous year.


During January, the average daily number of trades on SETS - covering all equity
based order book trading on the London Stock Exchange - was 913,117.  This was
an increase of 130 per cent on January 2007.   The average daily value traded on
SETS during the month was £11.2 billion, an increase of 57 per cent on January
2007.


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


The January 2008 value traded figures use a €:£ exchange rate of 1.3374.  The
exchange rate used for January 2007 was 1.5076.


                      BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING

                                           January 2008                                January 2007
                                                                    Totals

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

       UK equities             19,443,453    225,524.2      301,623.9       8,455,425    146,547.8      220,937.4
     Italian equities           7,272,082     90,533.1      121,082.1       5,725,561     69,763.7      105,176.7
  International equities          945,549     21,421.2       28,649.5         755,098     15,773.7       23,780.6
       ETFs & ETCs                195,625      5,607.8        7,500.0         137,636      2,331.5        3,515.0
 Securitised Derivatives          283,846      2,359.4        3,155.6         524,781      6,409.5        9,663.0
 Derivatives (EDX, IDEM)        8,512,635    144,843.3      193,718.5       5,210,222     97,328.3      146,733.5

                                                                 Average daily

       UK equities                883,793     10,251.1       13,710.2         384,338      6,661.3       10,042.6
     Italian equities             330,549      4,115.1        5,503.7         260,253      3,171.1        4,780.8
  International equities           42,980        973.7        1,302.2          34,323        717.0        1,080.9
       ETFs & ETCs                  8,892        254.9          340.9           6,256        106.0          159.8
 Securitised Derivatives           12,902        107.2          143.4          23,854        291.3          439.2
 Derivatives (EDX, IDEM)          386,938      6,583.8        8,805.4         236,828      4,424.0        6,669.7

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