Market Report May 2010

RNS Number : 1610N

London Stock Exchange Group PLC

07 June 2010

 



7 June 2010

ETR - 32

36 PER CENT INCREASE IN DAILY EQUITY VALUE TRADED IN MAY

- Strong month for Equities and Derivatives across the Group

In May, 23 million equity trades were carried out across the London Stock Exchange Group's electronic order books, with a combined value of £219.0 billion (€255.5 billion). The average daily value traded across Group's equity markets was £11.1 billion (€12.9 billion), an increase of 36 per cent on May last year while the average daily number of trades was 1,176 912, up 14 per cent.

UK Cash Equities

The average daily value traded on the UK equity order book was £5.9 billion (€6.9 billion) an increase of 34 per cent year on year, while the average daily number of trades was up 13 per cent at 767,427.

Italian Cash Equities

During May, the average daily number of trades in Italian equities was 336,193, a record high and a 12 per cent increase on the same month last year. The average daily value traded during the month was up 32 per cent at €4.9 billion (£4.2 billion).

International Cash Equities

The total value traded in international equities increased 70 per cent on May 2009 to £17.7 billion, while the average daily value traded was also up 70 per cent year on year, totalling £921 million (€1.1 billion). The average daily number of trades was 73,292 up 37 per cent on last May.

ETFs and ETCs

May recorded the highest value traded and highest number of trades in ETFs and ETCs on the Group's markets at £13.2 billion (€15.4 billion)and 469,537 respectively. The average daily number of trades was up 68 per cent year on year, totalling 22,806, whilst the average daily value traded was up 76 per cent to £654 million (€763 million).

Derivatives

A record 11,428,620 contracts were traded across the Group's derivatives platforms in May 2010. The average daily number of contracts traded on the Group's derivatives markets was up 17 per cent on May 2009. The average daily notional value traded was £4.8 billion (€5.6 billion), up 22 per cent.

IDEM broke its previous daily overall record five times during the month of May, reaching an all time high of 903,563 standard contracts traded within a day. The total number of contracts traded was up 91 per cent on the Italian derivatives platform with the total value traded also up 76 per cent at €113.9 billion (£97.7 billion).

Continuing from last month's highs May saw the highest number of FTSE MIB futures standard contracts traded on IDEM so far this year with 31,877 average daily trades. Also reaching record levels was trading in stock futures standard contracts with a daily average of 266,491 and notional turnover daily average of €685 million.

Fixed income

Average daily value traded on the MTS Cash markets during the month was up by nine per cent year on year at €8.4 billion (£7.2 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 77 per cent year on year to €220 billion (£188.5 billion).

The average daily value traded during May on the Group's retail bond markets was €1.1 billion (£939.4 million) down three per cent on the same month last year. The average daily number of trades was up eight per cent at 17,478.

-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 19 trading days on the London Stock Exchange, the same as last year and 21 on Borsa Italiana during May 2010, one more than the previous year.

During May, the average daily number of trades on SETS - covering all equity based order book trading on the London Stock Exchange - was 827,051 up 16 per cent on May 2009.  The average daily value traded was £6.9 billion, a increase of 39 per cent year on year.

The May 2010 value traded figures use a € per £ exchange rate of 1.16. The exchange rate used for May 2009 was 1.13.

BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING
		May 2010				May 2009
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK equities		14,581,111	112,875	131,687		12,863,543	84,180	95,179
Italian equities		7,060,048	88,427	103,165		5,990,868	63,875	72,220
International equities		1,426,203	17,731	20,687		1,040,137	10,440	11,804
ETFs & ETCs		469,537	13,189	15,387		269,197	7,257	8,206
Securitised Derivatives		167,030	879	1,025		192,983	754	852
Derivatives (EDX & IDEM)		11,428,620	101,324	118,211		9,536,809	80,438	90,947
Retail Bonds		367,025	19,726	23,014		322,292	20,076	22,698
MTS Cash		31,483	151,774	177,069		31,912	136,738	154,604
MTS Repo		47,188	3,957,442	4,617,008		41,351	2,192,722	2,479,206
		Average daily
UK equities		767,427	5,941	6,931		677,029	4,431	5,009
Italian equities		336,193	4,211	4,913		299,543	3,194	3,611
International equities		73,292	921	1,074		53,612	543	614
ETFs & ETCs		22,806	654	763		13,607	371	420
Securitised Derivatives		7,957	42	49		9,649	38	43
Derivatives (EDX & IDEM)		544,220	4,825	5,629		465,431	3,967	4,485
Retail Bonds		17,478	939	1,096		16,115	1,004	1,135
MTS Cash		1,499	7,227	8,432		1,596	6,837	7,730
MTS Repo		2,247	188,450	219,858		2,068	109,636	123,960
		January to May 2010				January to May 2009
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK equities		58,647,828	463,155	527,860		69,057,296	451,670	500,567
Italian equities		26,226,139	285,218	325,895		26,826,064	221,335	246,152
International equities		5,810,964	76,276	86,872		4,594,396	42,887	47,608
ETFs & ETCs		1,834,629	48,527	55,383		1,156,451	33,947	37,670
Securitised Derivatives		669,778	4,983	5,665		904,630	3,503	3,886
Derivatives (EDX & IDEM)		35,955,614	353,917	403,736		46,038,187	391,607	434,092
Retail Bonds		1,594,665	88,537	100,834		1,685,402	96,934	107,565
MTS Cash		186,067	968,181	1,100,058		146,258	638,173	708,210
MTS Repo		232,437	20,582,648	23,414,740		225,631	11,969,780	13,269,773
		Average daily
UK equities		574,979	4,541	5,175		677,032	4,428	4,908
Italian equities		252,174	2,742	3,134		260,447	2,149	2,390
International equities		56,637	745	849		44,895	420	466
ETFs & ETCs		17,705	470	537		11,255	331	367
Securitised Derivatives		6,440	48	54		8,783	34	38
Derivatives (EDX & IDEM)		345,727	3,403	3,882		449,456	3,818	4,232
Retail Bonds		15,333	851	970		16,363	941	1,044
MTS Cash		1,789	9,309	10,577		1,420	6,196	6,876
MTS Repo		2,235	197,910	225,142		2,191	116,211	128,833
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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