Market Report November 2011

RNS Number : 4500T

London Stock Exchange Group PLC

06 December 2011

 



06 December 2011

ETR - 50

MONTHLY MARKET REPORT - NOVEMBER 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 November a total of 33.2 million trades were carried out across the Group's electronic equity order books with a combined value of £178.4 billion (€208.3 billion), down five per cent on November 2010 (£187.2 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.3 billion (€5.0 billion), down four per cent year on year; the average daily number of trades was up 26 per cent to 715,022.

The LSE's share of trading in the total UK order book for November was 60.5 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 279,032, broadly in line with the same month last year, whilst the average daily value traded on the order book decreased 28 per cent year on year to €2.5 billion (£2.1 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in November was €1.9 billion (£1.6 billion), up 63 per cent on the same month last year. The average daily number of trades was up 98 per cent, at 486,257.

On the dark mid-point book, Turquoise traded an average daily value of €140 million (£120 million), down six per cent on November 2010.  There were an average daily total of 26,709 trades, a increase of 22 per cent year on year.

Turquoise share of Pan-European trading for November was 5.8 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 5,523,733, down 21 per cent compared with November 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in November was down four per cent year on year at £11.3 billion (€13.2 billion). The total number of trades was down 10 per cent at 395,354.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 39 per cent year on year at €7.4 billion (£6.3 billion). On the MTS Repo market, the average term adjusted daily value was down 36 per cent year on year at €152.4 billion (£130.3 billion).

The average daily value traded on the Group's retail bond markets was €1.2 billion (£1.0 billion), up 13 per cent on the same month last year. The average daily number of trades was up 59 per cent at 33,639.

-ends -

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 22 trading days in November 2011 on the London Stock Exchange, Turquoise and Borsa Italiana the same as November 2010.

The November 2011 value traded figures use a € per £ exchange rate of 1.16.  The exchange rate used for November 2010 was 1.17.

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
		November-11				November-10
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		15,730,482	93,985	109,617		12,464,254	98,366	115,035
Italian order book		6,138,698	46,711	54,623		6,114,230	64,580	75,523
Derivatives		5,523,733	54,756	65,618		6,981,658	67,190	78,576
Retail Bonds		740,047	23,042	26,945		465,890	20,300	23,740
MTS Cash		34,996	138,557	162,589		48,515	227,527	266,084
MTS Repo		66,278	2,866,885	3,352,494		60,926	4,455,547	5,210,585
Turquoise Integrated		10,697,661	35,137	40,982		5,394,361	21,498	25,141
Turquoise MidPoint		587,593	2,631	3,069		481,079	2,786	3,258
Average Daily
UK order book		715,022	4,272	4,983		566,557	4,471	5,229
Italian order book		279,032	2,123	2,483		277,920	2,935	3,433
Derivatives		251,079	2,489	2,983		317,349	3,054	3,572
Retail Bonds		33,639	1,047	1,225		21,177	923	1,079
MTS Cash		1,591	6,298	7,390		2,205	10,342	12,095
MTS Repo		3,013	130,313	152,386		2,769	202,525	236,845
Turquoise Integrated		486,257	1,597	1,863		245,198	977	1,143
Turquoise MidPoint		26,709	120	140		21,867	127	148
		January to November 2011				January to November 2010
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		158,912,606	1,130,884	1,300,248		136,373,594	1,116,024	1,298,971
Italian order book		69,370,919	668,801	769,153		62,270,392	672,290	783,027
Derivatives		80,939,003	762,098	876,644		73,964,893	742,903	865,831
Retail Bonds		4,220,461	161,488	185,928		3,541,623	185,163	215,311
MTS Cash		459,788	2,168,542	2,495,523		396,148	2,116,384	2,221,169
MTS Repo		684,062	51,673,076	59,394,412		564,646	47,735,525	55,614,183
Turquoise Integrated		97,579,705	369,366	424,038		52,184,529	214,488	250,152
Turquoise MidPoint		7,164,718	43,166	49,646		5,392,764	29,843	35,054
Average Daily
UK order book		687,933	4,896	5,629		587,817	4,810	5,599
Italian order book		295,195	2,846	3,273		264,980	2,861	3,332
Derivatives		344,421	3,243	3,730		314,744	3,161	3,684
Retail Bonds		17,960	687	791		15,071	788	916
MTS Cash		1,957	9,228	10,619		1,686	9,006	9,452
MTS Repo		2,911	219,885	252,742		2,403	203,130	236,656
Turquoise Integrated		413,473	1,565	1,797		222,062	913	1,064
Turquoise MidPoint		30,359	183	210		22,948	127	149
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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