Market Report March 2011

RNS Number : 5065E

London Stock Exchange Group PLC

07 April 2011

 



07 April 2011

ETR - 42

MONTHLY MARKET REPORT -MARCH 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 March a total of 31.6 million trades were carried out across the Group's electronic equity order books with a combined value of £233.9 billion (€269.9 billion), up 22 per cent on March 2010 (£191.8 billion).

UK Equities Order Book

During the month, the average daily number of trades increased 24 per cent year on year to 667,849; the average daily value traded on the UK order book was £5.2 billion (€6.0 billion), up seven per cent.

The LSE's share of total UK order book trading for March was 64.4 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 322,606, up 29 per cent on the same month last year; the average daily value traded on the order book increased 34 per cent year on year to €3.8 billion (£3.3 billion).

Borsa Italiana's share of total Italian order book trading for March was 82.2 per cent.

Turquoise Cash Equities

It was a record month for average daily value traded on the Turquoise integrated book in March, with €1.6 billion (£1.4 billion) of trading, up 80 per cent on the same month last year. The average daily number of trades was up 92 per cent at 345,004.

On the dark mid-point book, Turquoise traded an average daily value of €259 million (£224 million), up 203 per cent on March 2010.  There were a total of 844,784 trades, an increase of 151 per cent year on year.

Turquoise's total share of European order book trading for March was 4.3 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 7,618,837, a 20 per cent increase compared with March 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in March was up 50 per cent year on year to £13.2 billion (€15.2 billion). The total number of trades was up 42 per cent on the same period, reaching 490,495.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 12 per cent year on year at €12.4 billion (£10.7 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 25 per cent year on year to €286.9 billion (£248.6 billion).

The average daily number of trades on the Group's retail bond markets was down three per cent at 14,765, the average daily value traded was €714 million (£619 million), down 24 per cent on the same month last year.

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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 23 trading days on both the London Stock Exchange and Borsa Italiana in March 2011, the same as March 2010.

The March 2011 value traded figures use a € per £ exchange rate of 1.15.  The exchange rate used for March 2010 was 1.10.

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 1,500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING
		March 2011					March 2010
		Totals
		Trades	Value Traded £m	Value Traded €m			Trades	Value Traded £m	Value Traded €m
UK order book		15,360,531	120,358	138,896			12,342,791	112,281	124,534
Italian order book		7,419,940	76,624	88,426			5,752,560	59,397	65,880
International Equities		2,377,354	25,361	29,267			1,222,907	16,947	18,796
ETFs & Other ETPs		490,495	13,172	15,201			344,342	8,792	9,751
Securitised Derivatives		137,195	1,007	1,162			127,738	1,210	1,342
Derivatives (EDX & IDEM)		7,618,837	93,371	107,752			6,346,421	75,202	83,410
Retail Bonds		339,597	14,229	16,421			349,545	19,492	21,619
MTS Cash		54,582	246,397	284,348			43,840	228,648	253,602
MTS Repo		67,804	5,717,401	6,598,021			53,161	4,765,941	5,286,079
Turquoise Integrated		7,935,098	31,736	36,624			4,140,648	18,311	20,310
Turquoise MidPoint		844,784	5,161	5,956			336,292	1,774	1,968
		Average daily
UK order book		667,849	5,233	6,039			536,643	4,882	5,415
Italian order book		322,606	3,331	3,845			250,111	2,582	2,864
International Equities		103,363	1,103	1,272			53,170	737	817
ETFs & Other ETPs		21,326	573	661			14,971	382	424
Securitised Derivatives		5,965	44	51			5,554	53	58
Derivatives (EDX & IDEM)		331,254	4,060	4,685			275,931	3,270	3,627
Retail Bonds		14,765	619	714			15,198	847	940
MTS Cash		2,373	10,713	12,363			1,906	9,941	11,026
MTS Repo		2,948	248,583	286,870			2,311	207,215	229,830
Turquoise Integrated		345,004	1,380	1,592			180,028	796	883
Turquoise MidPoint		36,730	224	259			14,621	77	86
		January to March 2011					January to March 2010
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades		Value Traded £m	Value Traded €m
UK order book		40,614,193	318,908	373,386		36,295,919		312,709	352,435
Italian order book		20,708,316	206,187	241,438		16,647,375		168,489	189,927
International Equities		5,898,115	66,326	77,649		3,290,008		43,928	49,472
ETFs & Other ETPs		1,353,425	34,467	40,351		991,989		25,730	29,011
Securitised Derivatives		401,701	3,205	3,757		376,086		3,053	3,438
Derivatives (EDX & IDEM)		19,691,156	214,047	250,272		17,752,047		189,185	213,022
Retail Bonds		1,016,631	42,452	49,752		934,804		52,431	59,083
MTS Cash		151,289	702,141	822,573		117,450		626,681	706,048
MTS Repo		184,325	15,424,533	18,061,690		139,684		12,184,692	13,720,276
Turquoise Integrated		19,154,040	77,726	90,940		12,372,673		54,143	61,053
Turquoise MidPoint		2,168,912	14,025	16,424		668,848		4,146	4,664
		Average daily
UK order book		644,670	5,062	5,927			576,126	4,964	5,594
Italian order book		323,567	3,222	3,772			264,244	2,674	3,015
International Equities		93,346	1,051	1,230			52,222	697	785
ETFs & Other ETPs		21,223	542	635			15,746	408	460
Securitised Derivatives		6,277	50	59			5,970	48	55
Derivatives (EDX & IDEM)		307,674	3,344	3,910			281,779	3,003	3,382
Retail Bonds		15,885	663	777			14,838	832	938
MTS Cash		2,364	10,971	12,853			1,864	9,947	11,207
MTS Repo		2,880	241,008	282,214			2,217	193,408	217,782
Turquoise Integrated		905,951	3,679	4,308			591,629	2,588	2,920
Turquoise MidPoint		102,936	668	782			31,249	196	220
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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