Market Report September 2010

RNS Number : 9425T

London Stock Exchange Group PLC

06 October 2010

 



06 October 2010

ETR - 36

16.6 MILLION ELECTRONIC EQUITY TRADES IN SEPTEMBER

In September, a total of 16.6 million trades were carried out across the Group's electronic equity order books, with a combined value of £149.6 billion (€178 billion), up 16 per cent on August 2010 (£128.6 billion).

UK Order Book

During the month, the average daily value traded on the UK order book was £4.1 billion (€4.9 billion), down 11 per cent year on year; the average daily number of trades reduced nine per cent to 520,617.

Italian Order book

On the Italian order book, the average daily number of trades was 233,552, down 14 per cent on the same month last year, whilst the average daily value traded on the order book decreased 23 per cent year on year to €3.2 billion (£2.7 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in September was €1.1 billion (£956 million) down four per cent on the same month last year. The average daily number of trades was up 11 per cent at 253,639.

On the dark mid-point book, Turquoise traded an average daily value of €198 million (£166 million), up over 435 per cent on September 2009.  There were a total of 725,838 trades, an increase of over 580 per cent year on year.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in September was up nine per cent year on year to £8.9 billion (€10.6 billion). The total number of trades was also up nine per cent reaching 345,377.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 6,020,026, down 43 per cent compared with September 2009.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up eight per cent year on year at €11.3 billion (£9.5 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 48 per cent year on year to €274.4 billion (£230.4 billion).

The average daily value traded on the Group's retail bond markets was €836 million (£702 million), up three per cent on the same month last year. The average daily number of trades was up five percent at 12,929.

-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.

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 on the London Stock Exchange and Borsa Italiana, the same as September 2009.

The September 2010 value traded figures use a € per £ exchange rate of 1.19.  The exchange rate used for September 2009 was 1.12.

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
		September 2010				September 2009
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK order book		11,453,571	90,794	108,106		12,616,122	102,012	114,447
Italian order book		5,138,133	58,791	70,000		6,006,289	81,146	91,037
International Equities		1,085,429	12,570	14,967		1,168,942	14,304	16,048
ETFs & ETCs		345,377	8,922	10,624		317,055	8,193	9,192
Securitised Derivatives		122,225	953	1,135		142,059	864	970
Derivatives (EDX & IDEM)		6,020,026	76,675	91,295		10,582,900	107,393	120,484
Retail Bonds		284,444	15,450	18,395		271,794	15,898	17,835
MTS Cash		45,864	208,823	248,638		37,854	205,891	230,988
MTS Repo		54,904	5,069,867	6,036,519		45,105	3,641,835	4,085,761
Turquoise Integrated		5,580,059	21,027	25,037		5,042,219	23,298	26,138
Turquoise MidPoint		725,838	3,654	4,351		106,654	722	810
		Average daily
UK order book		520,617	4,127	4,914		573,460	4,637	5,202
Italian order book		233,552	2,672	3,182		273,013	3,688	4,138
International Equities		49,338	571	680		53,134	650	729
ETFs & ETCs		15,699	406	483		14,412	372	418
Securitised Derivatives		5,556	43	52		6,457	39	44
Derivatives (EDX & IDEM)		273,637	3,485	4,150		481,041	4,882	5,477
Retail Bonds		12,929	702	836		12,354	723	811
MTS Cash		2,085	9,492	11,302		1,721	9,359	10,499
MTS Repo		2,496	230,448	274,387		2,050	165,538	185,716
Turquoise Integrated		253,639	956	1,138		229,192	1,059	1,188
Turquoise MidPoint		32,993	166	198		4,848	33	37
		January to September 2010				January to September 2009
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK order book		112,353,021	926,086	1,079,447		122,675,296	886,392	999,285
Italian order book		51,262,517	558,215	651,026		52,016,547	481,491	543,759
International Equities		10,261,374	126,674	147,467		8,771,450	88,880	100,510
ETFs & ETCs		3,176,260	83,715	97,690		2,226,897	62,045	70,008
Securitised Derivatives		1,142,604	8,123	9,438		1,478,053	6,463	7,293
Derivatives (EDX & IDEM)		61,497,048	622,523	726,563		79,313,498	719,649	811,233
Retail Bonds		2,739,488	147,676	171,932		2,781,957	158,737	178,777
MTS Cash		341,450	1,678,299	1,953,310		284,367	1,268,683	1,432,965
MTS Repo		448,657	38,558,242	45,015,802		403,199	23,247,029	26,232,789
Turquoise Integrated		42,445,254	175,970	205,589		33,490,676	179,093	201,985
Turquoise MidPoint		4,444,649	24,295	28,644		363,214	2,242	2,575
		Average daily
UK order book		594,460	4,900	5,711		649,076	4,690	5,287
Italian order book		266,992	2,907	3,391		272,338	2,521	2,847
International Equities		54,058	668	778		46,250	469	531
ETFs & ETCs		16,594	439	512		11,689	326	368
Securitised Derivatives		5,951	42	49		7,739	34	38
Derivatives (EDX & IDEM)		320,297	3,242	3,784		413,964	3,760	4,239
Retail Bonds		14,268	769	895		14,565	831	936
MTS Cash		1,778	8,741	10,173		1,489	6,642	7,502
MTS Repo		2,337	200,824	234,457		2,111	121,712	137,344
Turquoise Integrated		221,069	917	1,071		174,431	933	1,052
Turquoise MidPoint		23,149	127	149		4,127	25	29
Turquoise year to date figures for 2009, are from June-September. 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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