Market report - September 200

RNS Number : 1330F

London Stock Exchange Group PLC

06 October 2008

 



6 October 2008

ETR - 12

24 per cent increase in equity value traded across london stock exchange group

Volatile market conditions contributed to very strong trading across the equity order books of the London Stock Exchange Group during September. £302.8 billion (€383.1 billion) worth of equity trading was carried out during the month, an increase of 24 per cent on September 2007, while the total number of trades increased 62 per cent to 27.1 million.

The average daily value traded in equities across the Group's markets increased 12 per cent year on year to £13.8 billion (€17.4 billion), while the average daily number of trades increased by 48 per cent to 1.2 million.

UK Order Book

The total valued traded on the UK order book during September 2008 was up 24 per cent year on year to £193.7 billion (€245.1 billion), while the total number of trades during the month was a record 19.6 million, an increase of 76 per cent.  

The average daily value traded on the UK order book during September 2008 increased 13 per cent on the same month last year to £8.8 billion (€11.1 billion), and the average daily number of trades was a record 888,701, 60 per cent higher than during September 2007.

Italian Order Book 

The total value traded on the Italian order book increased one per cent year on year, to €109.7 billion (£86.7 billion).  The number of trades carried out during the month increased 27 per cent to 6.3 million.  

The average daily number of trades increased 15 per cent year on year to 287,362, and the average daily value traded was down by eight per cent year on year to €5.0 billion (£3.9 billion).

International Order Book

Trading in international equities reached record levels, with 1.3 million trades on the international order books, 98 per cent higher than the previous September. The total value traded was also a record, up 60 per cent to £22.3 billion (€28.2 billion).

The average daily number of international trades during the month was 58,020, up 80 per cent, and the average daily value traded increased 45 per cent to £1.0 billion (€1.3 billion).

ETFs and ETCs

Trading in ETFs and ETCs was also strong. The total value traded in ETFs and ETCs more than doubled year on year, up 121 per cent to £6.5 billion (€ 8.2 billion). The total number of trades also rose, increasing by 39 per cent to 154,983.

Derivatives 

A record 10.8 million contracts were traded across the Group's derivatives markets, EDX London and IDEM, representing an increase of 72 per cent on September last year. The notional value traded increased 22 per cent to £153.1 billion (€193.7 billion).

Trading was particularly strong on EDX London, with 7 million contracts traded, of which 2.1 million were in Russian equity derivatives. This exceeded by 24 per cent June's record for the total number of trades.  

On IDEM, the average daily number of contracts traded in the MiniFIB reached a record 13,848. 16 September was the busiest day on record for trading in the contract, with a total 24,884 contracts traded.

- ends -

For further information, please contact:

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 in September 2008, two more than during September 2007.

During September, the average daily value traded on SETS - covering all equity based order book trading on the London Stock Exchange - was £9.8 billion, up 16 per cent on September 2007.  The average daily number of trades on SETS was a record 931,180, an increase of 62 per cent year on year.

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

The September 2008 value traded figures use a €:£ exchange rate of 1.2653. The exchange rate used for September 2007 was 1.4351.

				September 2008				September 2007
				Totals
				Trades	Value Traded £m	Value  Traded €m		Trades	Value Traded £m	Value  Traded €m
UK equities				19,551,418	193,740.8	245,148.5		11,090,369	155,711.2	223,466.1
Italian equities				6,321,962	86,723.0	109,734.2		4,988,268	75,385.4	108,188.0
International equities				1,276,441	22,290.4	28,204.9		645,952	14,008.2	20,103.6
ETFs & ETCs				154,983	6,517.8	8,247.2		111,426	2,950.9	4,234.9
Securitised Derivatives				269,043	1,338.1	1,693.1		364,208	5,088.3	7,302.4
Derivatives (EDX, IDEM)				10,827,093	153,088.9	193,709.8		6,286,084	125,278.1	179,790.6
				Average daily
UK equities				888,701	8,806.4	11,143.1		554,518	7,785.6	11,173.3
Italian equities				287,362	3,942.0	4,987.9		249,413	3,769.3	5,409.4
International equities				58,020	1,013.2	1,282.0		32,298	700.4	1,005.2
ETFs & ETCs				7,045	296.3	374.9		5,571	147.5	211.7
Securitised Derivatives				12,229	60.8	77.0		18,210	254.4	365.1
Derivatives (EDX, IDEM)				492,141	6,958.6	8,805.0		314,304	6,263.9	8,989.5
				January to September 2008				January to September 2007
				Totals
				Trades	Value Traded £m	Value  Traded €m		Trades	Value Traded £m	Value  Traded €m
UK equities				138,966,088	1,521,635.3	1,948,866.7		94,153,461	1,474,486.6	2,174,934.2
Italian equities				51,050,894	663,260.2	849,134.0		52,859,965	779,099.3	1,148,923.7
International equities				8,287,968	167,520.1	214,166.6		6,172,567	138,280.0	204,061.2
ETFs & ETCs				1,271,081	47,560.7	60,759.9		1,018,465	24,112.8	35,551.4
Securitised Derivatives				2,187,949	15,731.2	20,122.1		3,958,442	50,287.7	74,264.2
Derivatives (EDX, IDEM)				74,607,034	1,162,444.4	1,487,310.9		58,836,682	1,109,093.7	1,635,039.6
				Average daily
UK equities				731,400	8,008.6	10,257.2		498,166	7,801.5	11,507.6
Italian equities				267,282	3,472.6	4,445.7		278,210	4,100.5	6,047.0
International equities				43,551	881.0	1,126.4		32,580	730.7	1,078.3
ETFs & ETCs				6,662	249.6	318.8		5,363	127.2	187.5
Securitised Derivatives				11,455	82.4	105.4		20,834	264.7	390.9
Derivatives (EDX, IDEM)				390,613	6,086.1	7,787.0		309,667	5,837.3	8,605.5
For Derivatives, the values used are notional values while 'trades' refer to contracts traded

 

END

 

 

MSCUUGBCUUPRURQ