December Market Report

RNS Number : 3988L
London Stock Exchange Group PLC
09 January 2009
 








9 January 2009

ETR - 15


25 PER CENT GROWTH IN NUMBER OF equity trades during 2008


During 2008, the total number of trades on the equity order books of London Stock Exchange Group reached 263 million, an increase of 25 per cent on 2007.  The year recorded 84 of the 100 busiest ever days on the London Stock Exchange, with the total number of trades in London alone exceeding 1 million on 23 occasions.  Across the Group's equity order books the average daily number of trades grew 24 per cent to 1,038,327. 


However, year on year falls of 16 and 31 per cent in the average value of the FTSE 100 and MIB indices impacted the value traded on the Group's equity order books.  Total value traded across the year was £2.9 trillion (€3.6 trillion) in 2008, an 11 per cent decrease on 2007.


In December, the average daily value traded fell 49 per cent to £5.6 billion (€5.9 billion), while the average daily number of trades across the Group was 772,246, down 10 per cent on last year. 


UK Order Book

 

In 2008, the total number of UK equity trades on the order book grew 39 per cent to 186.5 million, exceeding the total for the whole of 2007 by mid-September The total value traded reached £1.9 trillion (€2.4 trillion); though down six per cent on 2007, this reflects a significant increase in the velocity of trading given the 16 per cent decline in the FTSE 100 during 2008.   


The average daily number of trades on the UK order book during December was 556,218, down six per cent year on year, while the average daily value traded during the month was £3.8 billion (€4.0 billion)down 44 per cent on December 2007, reflecting a 34 per cent decline in the average value of the FTSE 100 between December 2007 and December 2008.


Italian Order Book 

During the year as a whole, 65.9 million trades were carried out on the Italian equity order book, with a combined value of €993.7 billion (£784.7 billion). 


In December, the average daily number of trades was 183,660, down by 24 per cent on December 2007.  The 49 per cent decline in the average value of the MIB index between December 2007 and December 2008 was reflected in a 67 per cent decrease in the average daily value traded, which was 1.5 billion (£1.5 billion).  


International Order Book

 

Across the year the total number of trades on the Group's international order books was 11.1 million, up 35 per cent on 2007, while the value traded grew six per cent year on year to £199.9 billion (€252.9 billion). 


The average daily number of trades in December grew 12 per cent to 32,368. Falls in global market valuations contributed to a 57 per cent drop in the average daily value traded to £319.4 million (€335.3 million).   


ETFs and ETCs

 

Strong ETF and ETC trading continued during 2008, with the value traded reaching £65.8 billion (€82.2 billion), up 89 per cent on the 2007 total.  The total number of ETF and ETC trades was 1.8 million, a 20 per cent year on year increase. 


During the month the value traded in ETFs and ETCs was up 110 per cent on the previous December to £6.1 billion (€6.4 billion), while the number of trades grew 47 per cent to 150,273. 


Derivatives 

 

Year on year the number of contracts traded across the Group's derivatives markets grew 20 per cent to 91.9 million, while the notional value traded remained flat at £1.4 trillion (€1.8 trillion).


During December the average daily number of derivatives contracts traded across the Group was 293,939, down five per cent compared with December 2007while the notional average daily value traded decreased by 29 per cent to £4.8 billion (€5.0 billion).  


- ends -


For further information, please contact:


Alastair Fairbrother +44 (0)20 7797 1222

Anna Mascioni +39 02 72426211



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 21 and 19 trading days on the London Stock Exchange and Borsa Italiana respectively in December 2008, 2 more than during December 2007. There were 254 trading days on the London Stock Exchange in 2008, one more than during 2007, while the number of trading days on Borsa Italiana was 253, also one more than 2007.


During December, the average daily number of trades on SETS - covering all equity based order book trading on the London Stock Exchange - was 580,037down 5.3 per cent on December last year. The average daily value traded on SETS was down 45 per cent to £4.2 billion.  


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


The December 2008 value traded figures use a €:£ exchange rate of 1.0499. The exchange rate used for December 2007 was 1.3636.

 


LONDON STOCK EXCHANGE GROUP - ELECTRONIC ORDER BOOK TRADING




December 2008


December 2007











Totals








Trades

Value Traded £m

Value 

Traded €m


Trades

Value Traded £m

Value 

Traded €m










UK equities


11,680,576

80,562.9

84,580.5


11,240,806

129,740.9

176,915.4

Italian equities


3,489,542

27,636.8

29,015.1


4,080,007

57,453.0

78,344.5

International equities


660,114

6,605.0

6,934.4


533,241

14,018.4

19,115.6

ETFs & ETCs


150,273

6,093.3

6,397.2


102,159

2,903.3

3,959.0

Securitised Derivatives


144,446

818.2

859.0


250,624

2,468.5

3,366.1

Derivatives (EDX, IDEM)


5,949,463

94,399.0

99,106.5


5,595,797

118,427.3

161,488.1






Average daily









UK equities


556,218

3,836.3

4,027.6


591,621

6,828.5

9,311.3

Italian equities


183,660

1,454.6

1,527.1


240,000

3,379.6

4,608.5

International equities


32,368

319.4

335.3


28,939

745.8

1,016.9

ETFs & ETCs


7,713

310.4

325.9


5,916

163.5

223.0

Securitised Derivatives


7,602

43.1

45.2


14,742

145.2

198.0

Derivatives (EDX, IDEM)


293,939

4,753.1

4,990.1


307,909

6,706.8

9,145.4








January to December 2008


January to December 2007









Totals






Trades

Value Traded £m

Value 

Traded €m


Trades

Value Traded £m

Value 

Traded €m










UK equities


186,495,999

1,882,521.2

2,379,130.5


133,982,906

1,997,984.9

2,909,111.2

Italian equities


65,869,234

784,715.1

993,682.2


69,027,979

1,038,930.8

1,514,078.8

International equities


11,095,909

199,899.6

252,867.1


8,240,150

188,234.5

274,083.8

ETFs & ETCs


1,802,685

65,804.8

82,194.1


1,500,580

34,759.1

50,469.0

Securitised Derivatives


2,702,040

18,049.8

22,817.1


4,969,969

60,614.3

88,781.4

Derivatives (EDX, IDEM)


91,939,666

1,433,129.0

1,811,098.5


76,502,172

1,435,147.4

2,092,637.4






Average daily









UK equities


734,236

7,411.5

9,366.7


529,577

7,897.2

11,498.5

Italian equities


260,353

3,101.6

3,927.6


273,921

4,122.7

6,008.2

International equities


43,738

787.4

996.1


32,624

744.7

1,084.3

ETFs & ETCs


7,119

259.7

324.3


5,952

137.7

200.0

Securitised Derivatives


10,680

71.3

90.2


19,722

240.5

352.3

Derivatives (EDX, IDEM)


403,744

6,040.6

7,636.3


332,191

5,959.0

8,689.9






For Derivatives, the values used are notional values while 'trades' refer to contracts traded




This information is provided by RNS
The company news service from the London Stock Exchange
 
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