Monthly Market Report - April 2012

RNS Number : 7915C

London Stock Exchange Group PLC

04 May 2012

 



4 May 2012

ETR - 55

MONTHLY MARKET REPORT - April 2012

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 April a total of 31.1 million trades were carried out across the Group's electronic equity order books, an increase of 42 per cent on April 2011. They had a combined value of £154.3 billion (€187.7 billion), down 4 per cent on April 2011 (£161.1 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.5 billion (€5.5 billion), up 3 per cent year on year; the average daily number of trades increased 35 per cent to 788,162.

The LSE's share of trading in the total UK order book for April was 64.1 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 289,975, up 7 per cent on the same month last year, while the average daily value traded on the order book decreased 26 per cent year on year to €2.4 billion (£2.0 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in April was €1.8 billion (£1.5 billion) up 38 per cent on the same month last year. The average daily number of trades was up 82 per cent at 539,495.

On the dark mid-point book, Turquoise traded an average daily value of €93 million (£76 million), down 6 per cent on March 2012.  The average daily number of trades was 21,129, up 6 per cent on March 2012.

Turquoise's share of pan-European trading for April was 5.2 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 6.1 million, down 24 per cent compared with April 2011.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in April was down 19 per cent year on year to £7.5 billion (€9.2 billion). The total number of trades was down 6 per cent at 303,683.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 24 per cent year on year at €9.3 billion (£7.7 billion). On the MTS Repo market, the average term adjusted daily value traded decreased by 12 per cent year on year to €228.8 billion (£188.1 billion).

The average daily value traded on the Group's retail bond markets was €1.0 billion (£857 million), up 47 per cent on the same month last year. The average daily number of trades was up 56 per cent at 21,691.

-ends -

For further information, please contact:

Jonny Blostone                                                [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 19 trading days on the London Stock Exchange and Borsa Italiana. In April 2011 there were 18 trading days on the London Stock Exchange and 19 on Borsa Italiana.

The April 2012 value traded figures use a € per £ exchange rate of 1.22.  The exchange rate used for April 2011 was 1.13.

About London Stock Exchange Group:

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 UK and Russian derivatives trading, 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 access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,850 people.

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING
		April 2012				April 2011
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK order book		14,975,074	86,058	104,690		10,531,995	79,523	90,068
Italian order book		5,509,531	37,890	46,101		5,163,028	54,795	62,062
Derivatives (EDX & IDEM)		6,117,571	47,514	57,812		8,066,635	50,959	57,717
Retail Bonds		412,121	16,280	19,808		264,180	11,866	13,439
MTS Cash		32,081	145,362	176,864		41,503	204,722	231,871
MTS Repo		60,449	3,573,065	4,347,407		55,734	4,356,307	4,934,015
Turquoise Integrated		10,250,396	28,875	35,133		5,622,835	22,542	25,531
Turquoise MidPoint		401,457	1,450	1,765		621,131	4,206	4,764
		Average daily
UK order book		788,162	4,529	5,510		585,111	4,418	5,004
Italian order book		289,975	1,994	2,426		271,738	2,884	3,266
Derivatives (EDX & IDEM)		321,977	2,501	3,043		424,560	2,682	3,038
Retail Bonds		21,691	857	1,043		13,904	625	707
MTS Cash		1,688	7,651	9,309		2,184	10,775	12,204
MTS Repo		3,182	188,056	228,811		2,933	229,279	259,685
Turquoise Integrated		539,495	1,520	1,849		295,939	1,186	1,344
Turquoise MidPoint		21,129	76	93		32,691	221	251
		January to April 2012				January to April 2011
		Totals
		Trades	Value Traded £m	Value Traded €m		Trades	Value Traded £m	Value Traded €m
UK order book		59,816,202	367,216	441,592		51,146,220	398,456	463,483
Italian order book		24,113,162	177,332	213,186		25,871,344	260,982	303,500
Derivatives (EDX & IDEM)		27,266,542	180,536	217,212		27,819,793	265,008	307,991
Retail Bonds		2,322,411	99,024	118,940		1,280,811	54,318	63,192
MTS Cash		150,808	695,364	835,798		192,792	906,862	1,054,444
MTS Repo		259,436	17,083,084	20,535,576		240,059	19,780,840	22,995,705
Turquoise Integrated		40,053,607	116,505	140,139		24,773,875	100,268	116,471
Turquoise MidPoint		1,766,024	7,682	9,233		2,790,043	18,231	21,188
		Average daily
UK order book		720,677	4,424	5,320		631,435	4,919	5,722
Italian order book		287,061	2,111	2,538		311,703	3,144	3,657
Derivatives (EDX & IDEM)		326,791	2,152	2,589		335,178	3,193	3,711
Retail Bonds		27,648	1,179	1,416		15,432	654	761
MTS Cash		1,795	8,278	9,950		2,323	10,926	12,704
MTS Repo		3,089	203,370	244,471		2,892	238,323	277,057
Turquoise Integrated		476,829	1,387	1,668		298,480	1,208	1,403
Turquoise MidPoint		21,024	91	110		33,615	220	255
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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