Market Report September 2011

RNS Number : 6178P

London Stock Exchange Group PLC

05 October 2011

 



05 October 2011

ETR - 48

MONTHLY MARKET REPORT - September 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 September a total of 35.1 million trades were carried out across the Group's electronic equity order books with a combined value of £207.4 billion (€237.9 billion), up 19 per cent on September 2010 (£174.3 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.9 billion (€5.6 billion), up 18 per cent year on year; the average daily number of trades was up 40 per cent to 728,816.

The LSE's share of trading in the total UK order book for September was 59.8 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 275,573, up 18 per cent on the same month last year, whilst the average daily value traded on the order book decreased 12 per cent year on year to €2.8 billion (£2.5 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in September was €2.3 billion (£2.0 billion) up 99 per cent on the same month last year. The average daily number of trades was up 121 per cent at 561,028.

On the dark mid-point book, Turquoise traded an average daily value of €153 million (£134 million), down 22 per cent on September 2010.  There were an average daily total of 28,006 trades, a decrease of 15 per cent year on year.

Turquoise share of Pan European trading for September was 6.1 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 7,982,764 up 33 per cent compared with September 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in September was up 57 per cent year on year to £14.0 billion (€16.1 billion). The total number of trades was up 36 per cent at 468,200.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 17 per cent year on year at €9.4 billion (£8.2 billion). On the MTS Repo market, the average term adjusted daily value was down six per cent year on year at €258.4 billion (£225.2 billion).

The average daily value traded on the Group's retail bond markets was €775 million (£675 million), down eight per cent on the same month last year. The average daily number of trades was up 43 per cent at 18,627.

-ends -

For further information, please contact:

Ed Clark                                                           [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 September 2011 and 22 trading days in September 2010 on the London Stock Exchange, Turquoise and Borsa Italiana.

The September 2011 value traded figures use a € per £ exchange rate of 1.15.  The exchange rate used for September 2010 was 1.19.

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

		September-11				September-10
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		16,033,961	107,142	122,908		11,453,571	90,794	108,106
Italian order book		6,062,603	53,901	61,833		5,138,133	58,791	70,000
Derivatives		7,982,764	66,284	76,038		6,020,026	76,675	91,295
Retail Bonds		409,802	14,855	17,041		287,245	15,565	18,533
MTS Cash		35,761	180,331	206,868		45,864	208,823	248,638
MTS Repo		64,953	4,955,312	5,684,505		54,904	5,069,867	6,036,519
Turquoise Integrated		12,342,621	43,377	49,760		5,580,059	21,027	25,037
Turquoise MidPoint		616,139	2,939	3,372		725,838	3,654	4,351
Average Daily
UK order book		728,816	4,870	5,587		520,617	4,127	4,914
Italian order book		275,573	2,450	2,811		233,552	2,672	3,182
Derivatives		362,853	3,013	3,456		273,637	3,485	4,150
Retail Bonds		18,627	675	775		13,057	708	842
MTS Cash		1,626	8,197	9,403		2,085	9,492	11,302
MTS Repo		2,952	225,241	258,387		2,496	230,448	274,387
Turquoise Integrated		561,028	1,972	2,262		253,639	956	1,138
Turquoise MidPoint		28,006	134	153		32,993	166	198
		January to September 2011				January to September 2010
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		128,064,454	944,581	1,084,562		112,353,021	926,086	1,079,447
Italian order book		57,369,107	573,252	658,417		51,262,517	558,215	651,026
Derivatives		69,750,685	659,751	756,347		61,497,048	622,523	726,563
Retail Bonds		3,140,930	125,842	144,501		2,769,461	148,896	173,351
MTS Cash		390,214	1,862,498	2,140,500		341,450	1,678,299	1,953,310
MTS Repo		556,416	44,478,329	51,069,419		448,657	38,558,242	45,015,802
Turquoise Integrated		76,365,003	297,504	340,862		42,445,254	175,970	205,589
Turquoise MidPoint		5,956,576	37,220	42,770		4,444,649	24,295	28,644
Average Daily
UK order book		681,194	5,024	5,769		594,460	4,900	5,711
Italian order book		298,797	2,986	3,429		266,992	2,907	3,391
Derivatives		363,285	3,436	3,939		320,297	3,242	3,784
Retail Bonds		16,359	655	753		14,424	775	903
MTS Cash		2,032	9,701	11,148		1,778	8,741	10,173
MTS Repo		2,898	231,658	265,987		2,337	200,824	234,457
Turquoise Integrated		395,674	1,541	1,766		221,069	917	1,071
Turquoise MidPoint		30,863	193	222		23,149	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.

 

END

 

 

MSCBBBDGUUGBGBU