Market Report - November 2007

London Stock Exchange Group PLC
05 December 2007


5 December 2007

ETR - 2


1.1 million electronic equity trades per day on Borsa Italiana and London Stock
                              Exchange in November


The average daily number of order book trades on the cash markets of Borsa
Italiana and the London Stock Exchange increased 69 per cent on the same month
last year to a record 1.1 million during November.  The average daily value
traded also rose, up 50 per cent to £15.1 billion (€21.2 billion).  During the
month, the total number of order book trades reached 23.2 million and the total
value traded was £332.8 billion (€465.8 billion).


During the eleven months to the end of November 2007, the average daily number
of electronic order book trades on the cash markets of the two exchanges was
837,053, an increase of 56 per cent on the same period during 2006.  Meanwhile,
the average daily value traded on the exchanges' cash markets during the same
period was £12.9 billion (€18.9 billion), up 42 per cent on the average of £9.1
billion (€13.3 billion) in the first eleven months of 2006.


UK Order Book


The average daily number of order book trades in UK equities reached a record
722,386 during November 2007.  This was nine per cent higher than the previous
record of 665,766 trades daily during August 2007, and represents an increase of
113 per cent on November last year.  The average daily value traded during the
month also increased, up 61 per cent year on year to a record £9.8 billion
(€13.6 billion).


So far this year, the total number of order book trades in UK equities has
increased 76 per cent to 122.9 million, while the value traded has risen 42 per
cent to £1.9 trillion.


All of the top twenty busiest days on the UK order book have now occurred since
the introduction of the new TradElect trading system in June.  Following
additional capacity and latency upgrades at the start of the month, November
alone accounted for half of the top twenty days.


Italian Order Book


The average daily number of trades in Italian equities was 308,387 during
November 2007, up 12 per cent on November 2006.  Meanwhile, the average daily
value traded rose 19 per cent to €6.5 billion (£4.7 billion).


Based on trading between January and November 2007, the average number of trades
in Italian equities each day has been 292,961 per day, an increase of 27 per
cent over the same period last year. At the same time, the average value traded
each day has been €6.4 billion (£4.3 billion), up 41 per cent on the first
eleven months of 2006.


International Order Books


During November 2007, there were 564,175 electronic trades in international
securities across both markets, an increase of 162 per cent on November 2006.
The total value traded more than doubled, up 101 per cent to £15.9 billion
(€22.2 billion).


The average daily number of international trades during the month was 25,664, up
162 per cent on the average for November 2006.  The average daily value traded
was £720.6 million, up 101 per cent on November last year.


ETF and ETCs


The number of ETF and ETC trades on the exchanges' markets increased 97 per cent
compared with November 2006 to 173,908.  Over the same period, the value traded
rose 120 per cent to £4.2 billion (€5.9 billion).


Derivatives


During the month, there were 7.6 million contracts traded across EDX and IDEM
with a notional value of £134.4 billion (€188.1 billion).  The average daily
number of contracts increased 38 per cent year on year to 346,872, while the
notional value traded increased 40 per cent to £6.1 billion (€8.5 billion).


Separately, there were 395,608 contracts traded in securitised derivatives
(including covered warrants and certificates) during the month.  The total value
traded in securitised derivatives was £3.5 billion (€4.9 billion).  In the first
eleven months of the year, the total number of contracts traded has risen 13 per
cent to 4.7 million, while the value has increased 37 per cent to £58.1 billion
(€85.4 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.


There were 22 trading days on both exchanges' markets during November 2007.  So
far this year, there have been 234 trading days on the London Stock Exchange,
one more than during the same period in 2006, while the number of trading days
on Borsa Italiana has been the same as the previous year at 235.


During November, the average daily number of trades on SETS - covering all
equity based order book trading on the London Stock Exchange - was 748,113.
This was an increase of 114 per cent on November 2006, and ahead of the previous
SETS record of 688,391 trades per day reached during August 2007.   The average
daily value traded on SETS during the month was £10.5 billion, an increase of 63
per cent on November 2006.


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


The November 2007 value traded figures use a €:£ exchange rate of 1.399.  The
exchange rate used for November 2006 was 1.483.  The total value traded year to
date figures use an average exchange rate for each month.


                      BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING

                                           November 2007                               November 2006


                                                                    Totals

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

       UK equities             15,892,488    214,516.5      300,212.1       7,473,829    133,479.4      197,952.5
     Italian equities           6,784,506    102,432.5      143,352.5       6,035,763     81,105.4      120,280.9
  International equities          564,175     15,853.3       22,186.4         215,373      7,885.7       11,694.7
       ETFs & ETCs                173,908      4,224.0        5,911.4          88,159      1,923.4        2,852.4
 Securitised Derivatives          395,608        3,477          4,866         501,594        7,016         10,405
 Derivatives (EDX, IDEM)        7,631,194      134,399        188,089       5,542,681       95,687        141,905

                                                                 Average daily

       UK equities                722,386      9,750.8       13,646.0         339,720      6,067.2        8,997.8
     Italian equities             308,387      4,656.0        6,516.0         274,353      3,686.6        5,467.3
  International equities           25,644        720.6        1,008.5           9,790        358.4          531.6
       ETFs & ETCs                  7,905        192.0          268.7           4,007         87.4          129.7
 Securitised Derivatives           17,982          158            221          22,800          319            473
 Derivatives (EDX, IDEM)          346,872        6,109          8,549         251,940        4,349          6,450

                                     January to November 2007                    January to November 2006

                                                                    Totals

                                Trades    Value Traded     Value            Trades    Value Traded     Value
                                               £m         Traded €m                        £m        Traded €m
                                                                                            
       UK equities            122,905,370  1,870,179.3    2,735,048.7      69,814,372  1,318,683.1    1,930,837.9
     Italian equities          68,845,916    1,021,585      1,494,696      54,141,346      724,830      1,061,134
  International equities        4,412,934    134,198.2      196,090.2       1,830,788     76,500.5      112,052.5
       ETFs & ETCs              1,398,421     31,856.2       46,510.0         784,534     16,079.7       23,561.3
 Securitised Derivatives        4,719,345       58,147         85,415       4,165,872       42,488         62,309
 Derivatives (EDX, IDEM)       74,339,128    1,358,246      1,988,690      56,324,315      928,735      1,359,119

                                                                 Average daily

       UK equities                525,237      7,992.2       11,688.2         299,632      5,659.6        8,286.9
     Italian equities             292,961      4,347.2        6,360.4         230,389      3,084.4        4,515.5
  International equities           18,855        573.5          837.9           8,066        329.9          483.3
       ETFs & ETCs                  5,953        135.8          198.2           3,341         68.6          100.5
 Securitised Derivatives           20,082          247            363          17,727          181            265
 Derivatives (EDX, IDEM)          317,053        5,786          8,472         240,660        3,959          5,793

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