Market Report - January 2011

RNS Number : 6513A

London Stock Exchange Group PLC

03 February 2011

 



03 February 2011

ETR - 40

MONTHLY MARKET REPORT -JANUARY 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 January a total of 25.6 million trades were carried out across the Group's electronic equity order books with a combined value of £191.6 billion (€226 billion), up 21 per cent on January 2010.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.9 billion (€5.8 billion), unchanged year on year; the average daily number of trades increased by six per cent to 627,496.

The LSE's share of trading in the total UK order book for January was 64.1 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 341,142, up 31 per cent on the same month last year, whilst the average daily value traded on the order book increased 26 per cent year on year to €3.8 billion (£3.2 billion).

Borsa Italiana's share of trading in the total Italian order book for January was 83.5 per cent.

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in January was €1.3 billion (£1.1 billion) up 30 per cent on the same month last year. The average daily number of trades was up 33 per cent at 265,010.

On the dark mid-point book, Turquoise traded an average daily value of €250 million (£212 million), up 252 per cent on January 2010.  There were a total of 627,790 trades, an increase of 268 per cent year on year.

Turquoise share of lit trading in the total UK order book for January was 4.5 per cent. For dark trading its total share was 20.5 percent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 5,362,418, unchanged when compared with January 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in January was up 30 per cent year on year to £10.9 billion (€12.8 billion). The total number of trades was also up 32 per cent reaching 443,316.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 12 per cent year on year at €13.4 billion (£11.4 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 40 per cent year on year to €300 billion (£254.1 billion).

The average daily value traded on the Group's retail bond markets was €813 million (£689 million), down five per cent on the same month last year. The average daily number of trades was up 20 percent at 16,551.

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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 20 trading days on the London Stock Exchange, the same as January last year and 21 on Borsa Italiana, one more than January 2010.

The January 2011 value traded figures use a € per £ exchange rate of 1.18.  The exchange rate used for January 2010 was 1.13.

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
		January 2011				January 2010
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK order book		12,549,920	98,109	115,815		11,858,670	98,032	111,016
Italian order book		7,163,992	67,421	79,589		5,229,509	53,117	60,152
International Equities		1,665,889	19,364	22,859		1,011,879	13,573	15,370
ETFs & ETCs		443,316	10,883	12,848		335,468	8,379	9,489
Securitised Derivatives		138,174	1,153	1,361		114,881	868	983
Derivatives (EDX & IDEM)		5,362,418	60,241	71,113		5,354,836	55,230	62,546
Retail Bonds		347,577	14,471	17,083		276,750	15,039	17,031
MTS Cash		47,770	238,371	281,391		37,381	210,595	238,486
MTS Repo		58,070	5,336,606	6,299,726		43,562	3,784,986	4,286,265
Turquoise Integrated		5,300,204	21,870	25,817		3,993,864	17,545	19,869
Turquoise MidPoint		627,790	4,232	4,996		170,593	1,255	1,421
		Average daily
UK order book		627,496	4,905	5,791		592,934	4,902	5,551
Italian order book		341,142	3,211	3,790		261,475	2,656	3,008
International Equities		82,427	962	1,135		50,594	679	769
ETFs & ETCs		21,315	529	624		16,773	419	474
Securitised Derivatives		6,581	55	65		5,744	43	49
Derivatives (EDX & IDEM)		255,354	2,869	3,386		267,742	2,762	3,127
Retail Bonds		16,551	689	813		13,838	752	852
MTS Cash		2,275	11,351	13,400		1,869	10,530	11,924
MTS Repo		2,765	254,124	299,987		2,178	189,249	214,313
Turquoise Integrated		265,010	1,094	1,291		199,693	877	993
Turquoise MidPoint		31,390	212	250		8,530	63	71
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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