Market report - August 2009

RNS Number : 6370Y
London Stock Exchange Group PLC
07 September 2009
 






7 September 2009

ETR - 23


august electronic equity VALUE TRADED up eleven per cent month on month

  • STRONG PERFORMANCE BY GROUP FIXED INCOME MARKETS

  • NEW PRICING FOR IDEM BOOSTS VOLUME GROWTH


Strong performances were recorded across a range of London Stock Exchange Group's markets during August. In fixed income, the average daily value traded on Borsa Italiana's retail fixed income market, MOT, nearly doubled year on yearand the average daily value traded on the MTS Cash markets increased by 13 per cent. Meanwhile, year on year volume growth of 20 per cent on IDEM confirmed the positive impact of price changes introduced six months ago.


On the equity markets, the average daily value traded across the Group's electronic order books during August was £6.2 billion (€7.2 billion), an increase of 11 per cent on July this year, though down by 31 per cent compared with the same month last year. The total value traded during the month was £127.2 billion (€147.5 billion). The average daily number of equity trades during the month was 785,370, a decrease of 11 per cent year on year, and the total number of equity trades was 15.9 million.


UK Cash Equities

The average daily value traded on the UK order book during the month was £3.6 billion (€4.2 billion), down by 42 per cent year on year, though up by four per cent compared with July. The total value traded was £72.1 billion (€83.6 billion).


The average daily number of trades decreased by 17 per cent year on year to 526,709, but increased by six per cent compared with the average for July. The total number of UK equity trades during the month was 10.5 million. 



Italian Cash Equities

On the Italian equity order book the average daily value traded was ahead of the average for July by 29 per cent, though this was flat year on year at €2.5 billion (£2.2 billion). The total value traded during the month was €53.3 billion (£46.0 billion).


There was an eight per cent increase in the average daily number of trades in Italian equities compared to August 2008, with 216,653 trades per day. This was also up on July's average, by 14 per cent. The total number of trades during the month was 4.5 million.


International Cash Equities

The average daily value traded on the Group's international equity order books was £453 million (€525 million), a decrease of 49 per cent on August last year. The average daily number of trades was 42,008, a decline of seven per cent year on year.  


ETFs and ETCs

Trading in ETFs and ETCs remained relatively strong, with the average daily number of trades more than doubling, up by 158 per cent year on year to 12,154. The average daily value traded was up by 46 per cent to £306 million (€355 million)


Derivatives 

On the Group's derivatives markets, EDX London and IDEM, the average daily number of trades remained stable compared to the previous August at 310,813. The average daily notional value traded was £3.3 billion (€3.8 billion), 20 per cent lower than the same month last year.


Since the beginning of the year, both IDEM and EDX have recorded positive volume growth. Growth on IDEM has been particularly marked, with an increase of 16 per cent in the total number of contracts traded during the first eight months of the year, and open interest increasing by 30 per cent to over 5 million open positions at the end of the period.  


IDEM's strong year on year growth can be attributed to the new pricing scheme for single stock derivatives which has now been in effect for six months. Since the start of the year, the number of contracts traded in stock futures has increased by 87 per cent year on year, while open interest at the end of the period was nearly 300 per cent higher than at the end of August 2008.  


Fixed income

MOT, Borsa Italiana's fixed income market for retail investors achieved a strong performance during August, with the average daily value nearly doubling year on year, up by 96 per cent to €746 million (£643 million).


On the MTS Cash markets, the average daily value traded was up by 13 per cent year on year at €6.9 billion (£6.0 billion).  On the MTS Repo market, the average term adjusted daily value traded increased by 15 per cent year on year to €142.2 billion (£122.7 billion).


- ends -


For further information, please contact:


Catherine Mattison +44 (0)20 7797 1222

Anna Mascioni +39 02 72426 212  


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 20 trading days on the London Stock Exchange during August 2009, the same as during the previous year, while on Borsa Italiana there were 21 trading days, one more than the previous year


During August, the average daily number of trades on SETS - covering all equity based order book trading on the London Stock Exchange - was 558,117, down 17 per cent on August 2008. The average daily value traded was £4.1 billion, a decrease of 42 per cent year on year.


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


The August 2009 value traded figures use a  per £ exchange rate of 1.16. The exchange rate used for August 2008 was 1.26.

 

BORSA ITALIANA - LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK TRADING



August 2009


August 2008



Totals



Trades

Value Traded £m

Value 

Traded €m


Trades

Value Traded £m

Value 

Traded €m

UK equities


10,534,188

72,080

83,568


12,751,289

124,216

156,683

Italian equities


4,549,706

46,005

53,330


4,015,200

40,442

51,013

International equities


852,398

9,143

10,599


904,016

17,755

22,396

ETFs & ETCs


252,434

6,284

7,285


94,129

4,182

5,275

Securitised Derivatives


131,166

690

800


171,674

1,228

1,548

Derivatives (EDX, IDEM)


6,527,080

68,270

79,140


6,203,781

81,192

102,414

MOT


233,614

13,509

15,660


142,333

6,035

7,613

MTS Cash


30,843

125,458

145,432


24,102

96,818

122,124

MTS Repo


41,114

2,575,686

2,985,766


49,863

1,964,914

2,478,485



Average daily

UK equities


526,709

3,604

4,178


637,564

6,211

7,834

Italian equities


216,653

2,191

2,540


200,760

2,022

2,551

International equities


42,008

453

525


45,201

888

1,120

ETFs & ETCs


12,154

306

355


4,706

209

264

Securitised Derivatives


6,246

33

38


8,584

61

77

Derivatives (EDX, IDEM)


310,813

3,251

3,769


310,189

4,060

5,121

MOT


11,124

643

746


7,117

302

381

MTS Cash


1,469

5,974

6,925


1,205

4,841

6,106

MTS Repo


1,958

122,652

142,179


2,493

98,246

123,924








January to August 2009


January to August 2008



Totals



Trades

Value Traded £m

Value 

Traded €m


Trades

Value Traded £m

Value 

Traded €m

UK equities


104,500,074

699,030

788,278


119,414,670

1,327,894

1,709,141

Italian equities


40,721,014

351,668

397,693


44,728,933

575,271

739,400

International equities


7,602,508

74,576

84,463


7,011,527

145,176

186,430

ETFs & ETCs


1,909,842

53,852

60,817


1,116,098

40,973

52,590

Securitised Derivatives


1,335,994

5,599

6,323


1,918,906

14,364

18,429

Derivatives (EDX, IDEM)


68,730,593

612,282

690,745


63,779,942

1,007,214

1,294,900

MOT


2,510,163

142,840

160,941


1,836,460

81,892

105,206

MTS Cash


246,513

1,083,000

1,201,977


330,269

1,379,414

1,788,048

MTS Repo


358,094

19,605,138

22,147,028


423,853

18,100,393

23,160,468



Average daily

UK equities


625,749

4,186

4,720


710,802

7,904

10,174

Italian equities


240,953

2,081

2,353


264,668

3,404

4,375

International equities


45,346

446

505


41,658

863

1,109

ETFs & ETCs


11,334

320

362


6,612

243

312

Securitised Derivatives


7,905

33

37


11,354

85

109

Derivatives (EDX, IDEM)


409,578

3,640

4,106


378,790

5,973

7,679

MOT


14,853

845

952


10,867

485

623

MTS Cash


1,459

6,408

7,112


1,954

8,162

10,580

MTS Repo


2,119

116,007

131,048


2,508

107,103

137,044






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.



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