Monthly Market Report - May 2012

RNS Number : 8825E

London Stock Exchange Group PLC

07 June 2012

 



7 June 2012

ETR - 56

MONTHLY MARKET REPORT - MAY 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 May a total of 34.1 million trades were carried out across the Group's electronic equity order books, an increase of 10 per cent on April 2012. They had a combined value of £170.2 billion (€211.7 billion), up 10 per cent on last month (£154.3 billion).¹

The average daily number of trades across the Group's electronic equity order books was 1.5 million, a 7 per cent decrease on last month. The average daily value traded was £7.7 billion, down 6 per cent on last month.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.3 billion (€5.3 billion), down 6 per cent month-on-month; the average daily number of trades decreased 4 per cent to 759,666.

The LSE's share of trading in the total UK order book for May was 63.6 per cent.

Italian Equities Order book

On the Italian order book, the average daily value traded increased 5 per cent month-on-month to €2.5 billion (£2.0 billion) while the average daily number of trades was 258,754, a decrease of 11 per cent on last month.

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in May was €1.6 billion (£1.3 billion) down 14 per cent on last month. The average daily number of trades was down 10 per cent at 487,045.

On the dark mid-point book, Turquoise traded an average daily value of €90 million (£72 million), down 3 per cent on April.  The average daily number of trades was 21,917, up 4 per cent on month-on-month.

Turquoise's share of pan-European trading for May was 5.3 per cent.

Derivatives

On the Group's derivatives platforms, the average daily number of contracts traded was 377,667, up 17 per cent compared with April.

Exchange Traded Products

The average daily value traded in Exchange Traded Products across the Group's order books in May was up 9 per cent month-on-month to £432 million (€538 million). The average daily number of trades was up 1 per cent at 16,083.

Fixed income

The average daily value traded on the MTS Cash markets during the month was unchanged month-on-month at €9.3 billion (£7.5 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 11 per cent to €254.1 billion (£204.3 billion).

The average daily value traded on the Group's retail bond markets was €917 million (£737 million), down 12 per cent on April. The average daily number of trades was down 6 per cent at 20,428.

-ends -

For further information, please contact:

Jonny Blostone                                                [phone]

Anna Mascioni                                                 [phone]  

                                                                           [e-mail]

Additional Information:

1. Due to an exceptional trading month in May 2011, this report's highlights take a month-on-month view to avoid skewed comparison. Full values for May 2011 are available in the table below.

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 in May 2012, and 23 trading days on Turquoise. In April 2012 there were 19 trading days on the London Stock Exchange, Borsa Italiana and Turquoise.

The May 2012 value traded figures use a € per £ exchange rate of 1.24. For April 2012 they use a rate of 1.22.

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
		May-12				May-11
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		16,712,645	94,044	117,012		13,884,940	107,231	122,148
Italian order book		5,692,580	45,077	56,086		5,757,322	71,928	81,934
Derivatives		8,308,665	53,132	66,109		10,142,225	73,246	83,435
Retail Bonds		449,405	16,205	20,163		317,588	14,227	16,206
MTS Cash		35,085	164,772	205,015		42,693	213,243	242,907
MTS Repo		68,141	4,493,728	5,591,247		63,823	4,690,010	5,342,444
Turquoise Integrated		11,202,034	29,391	36,569		6,799,987	27,050	30,813
Turquoise MidPoint		504,096	1,665	2,072		651,880	4,143	4,720
Average Daily
UK order book		759,666	4,275	5,319		694,247	5,362	6,107
Italian order book		258,754	2,049	2,549		261,696	3,269	3,724
Derivatives		377,667	2,415	3,005		461,010	3,329	3,793
Retail Bonds		20,428	737	917		14,436	647	737
MTS Cash		1,595	7,490	9,319		1,941	9,693	11,041
MTS Repo		3,097	204,260	254,148		2,901	213,182	242,838
Turquoise Integrated		487,045	1,278	1,590		309,090	1,230	1,401
Turquoise MidPoint		21,917	72	90		29,631	188	215
		2012 Year to date				2011 Year to Date
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		76,528,847	461,274	558,622		65,031,160	505,687	585,631
Italian order book		29,805,742	222,409	269,272		31,628,666	332,910	385,434
Derivatives		35,575,207	233,669	283,321		37,962,018	338,254	391,426
Retail Bonds		2,771,816	115,229	139,103		1,598,399	68,545	79,398
MTS Cash		185,893	860,136	1,040,813		235,485	1,120,105	1,297,351
MTS Repo		327,577	21,576,813	26,126,823		303,882	24,470,850	28,338,149
Turquoise Integrated		51,255,641	145,896	176,709		31,573,862	127,319	147,285
Turquoise MidPoint		2,270,120	9,347	11,305		3,441,923	22,374	25,908
Average Daily
UK order book		728,846	4,393	5,320		643,873	5,007	5,798
Italian order book		281,186	2,098	2,540		301,225	3,171	3,671
Derivatives		337,235	2,206	2,675		361,543	3,221	3,728
Retail Bonds		26,149	1,087	1,312		15,223	653	756
MTS Cash		1,754	8,114	9,819		2,243	10,668	12,356
MTS Repo		3,090	203,555	246,479		2,894	233,056	269,887
Turquoise Integrated		479,025	1,364	1,651		300,703	1,213	1,403
Turquoise MidPoint		21,216	87	106		32,780	213	247
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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