Market Report - Feb 2007
London Stock Exchange Group PLC
09 March 2007
News Release
9 March 2007
MR68-03.07
SETS TRADING HITS NEW RECORDS WITH 55 PER CENT GROWTH
Trading on SETS, the London Stock Exchange's order book, reached record levels
during February 2007. The average daily number of trades on SETS increased 55
per cent on February 2006 to a record 413,506, while the average daily value
traded was up 28 per cent to £7.46 billion. The total number of SETS trades
during the month was 8.3 million and the total value traded was £149.1 billion.
On 28 February 2007, there were over 732,000 trades on SETS, a new high for a
single trading day.
Included in the SETS figures for February, SETSmm had an excellent month. The
total number of trades more than doubled compared with the same month last year,
up 103 per cent to 2.0 million, while the total value traded increased 83 per
cent on the same month last year to a record £14.7 billion.
Also included in the SETS figures, the Exchange's International Order Book (IOB)
had a very strong month with the total number of trades up 72 per cent to
74,418, while the total value traded increased 37 per cent to £6.0 billion.
Meanwhile, trading in UK equities also reached record levels during February.
The average daily number of trades increased 45 per cent to 466,074, and the
average daily value traded increased 19 per cent to £15.8 billion.
ETF trading was also noteworthy, with the total number of trades up 68 per cent
to 33,658, while the value traded increased 83 per cent to £2.3 billion. There
were 5,889 trades in covered warrants and structured products during February,
and the total value traded in these products increased 99 per cent to £57.0
million.
EDX London, the London Stock Exchange's derivatives business, had a very good
month. Trading in its Russian IOB derivatives service continued to build on an
impressive start, with the average daily number of contracts traded reaching
4,156 contracts, nearly double the 2,119 contracts traded during January. The
total value traded on the service now amounts to over $1 billion since launch.
On the primary market, the Exchange attracted five IPOs - including two from
Russia - to the international Main Market, raising £1.1 billion between them.
AIM attracted IPOs from 13 companies - including two from Canada - raising a
combined total of £548.6 million.
RNS, the Exchange's service for the dissemination of company news, transmitted a
total of 15,106 company announcements during February, a 15 per cent increase on
February last year. Of these 4,696 were news and results announcements,
representing 86 per cent of all company news and results announcements issued in
the UK.
There were 20 trading days in February 2007, the same as in February 2006.
- ends -
For further information, please contact:
Richard Webster-Smith Press Office +44 (0)207 797 1222
newsroom@londonstockexchange.com
Notes to editors:
• About the London Stock Exchange
The London Stock Exchange is the world's premier international equity exchange
and a leading provider of services that facilitate the raising of capital and
the trading of shares.
The London Stock Exchange is the most international equities exchange in the
world and Europe's largest pool of liquidity. By the end of 2006, the market
capitalisation of UK and international companies on the London Stock Exchange's
markets amounted to £4.4 trillion, with £6.7 trillion of equity business
transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the
Financial Services and Markets Act 2000 and is supervised by the Financial
Services Authority.
Companies considering flotation have a choice of markets:
AIM
AIM is the London Stock Exchange's international market specifically designed
for smaller, growing companies, combining the benefits of a public flotation
with appropriate levels of regulation.
Main Market
The London Stock Exchange's Main Market for established companies seeking
international recognition is one of the world's best known, longest-established
and most liquid markets. It is home to some of the world's largest and most
successful companies, giving them access to one of the deepest pools of capital
in the world.
Professional Securities Market
The Professional Securities Market was established in July 2005, to coincide
with the introduction of the FSA's new Listing Rules. PSM provides a solution
for those issuers seeking to list securities in London without having to
re-state their financial information to IFRS or follow the additional
requirements of an offering to retail investors. Debt securities or depository
receipts of any denomination may be listed on PSM on production of a prospectus
aimed at a wholesale or professional audience.
• IPO
An IPO or Initial Public Offering is when a new company joins one of our markets
and raises capital by issuing shares. This excludes transfers and introductions
(when companies join the market without raising money).
• Indices
Indices are calculated and managed by FTSE Group, a world-leader in the creation
and management of global equity indices. The FTSE Group is jointly owned by the
London Stock Exchange and the Financial Times, but operates as an autonomous
company.
For information about the company or any FTSE indices, please contact
media@ftse.com
• SETS - the electronic order book
It is over eight years since the launch of SETS and the order book continues to
go from strength to strength, compressing spreads and significantly improving
liquidity. SETS has recently delivered record increases in the number of orders
entered and executed as new technology improves efficiency and fuels growth.
• SETSmm
SETSmm is the Exchange's trading service for FTSE 250 and other leading non
order book securities. By combining the best features of the existing SETS and
SEAQ trading services, SETSmm appeals to market users who want to trade
electronically, as well as those customers who use the market making system.
• International Order Book (IOB)
The IOB is the Exchange's order book for the trading of international Depositary
Receipts, negotiable certificates which represent ownership of a given number of
a company's shares and can be listed and traded independently from the
underlying shares.
• Retail Trading Figures
Retail trading figures are available from our website at -
www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
Figures are available from November 2002 to date.
LONDON STOCK EXCHANGE - MONTHLY FACTSHEET FIGURES
FEBRUARY 2007
2007 2006
DOMESTIC EQUITY TRADING Month Year to date Month Year to date
Equity Trading Value (£m) 315,985 643,023 264,878 532,918
Number of Equity Trades 9,321,471 19,132,825 6,428,834 12,984,341
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m) 403,958 752,283 296,401 597,664
Number of Equity Trades 2,746,166 5,346,519 1,817,999 3,793,353
ORDER BOOK TRADING
Order Book Value (£m) 149,144 305,650 116,389 234,138
Order Book Trades 8,270,117 17,008,848 5,331,532 10,750,482
February 2007 February 2006
DOMESTIC MARKET CAPITALISATION (£bn) 2,011 1,908
TOTAL NUMBER OF COMPANIES 3,236 3,099
Main Market UK 1,259 1,336
Main Market International 320 330
of which techMARK 130 148
AIM 1,632 1,426
Professional Securities Market (Equity only) 25 7
2007 2006
MONEY RAISED (£m) Month Year to date Month Year to date
Equity Money Raised:
New issues: Main Market UK - - 507 533
New issues: Main Market International 1,129 1,129 2,150 2,150
New issues: AIM 565 716 296 403
Further issues: Main Market UK 933 1,205 327 493
Further issues: Main Market
International 453 456 6 290
Further issues: AIM 403 714 508 809
PSM (new & further, UK & International) - - - 103
COMPANIES ADMITTED 23 40 43 73
Debt Money Raised (£m)
Main Market UK 6,655 17,629 7,132 19,559
Main Market International 27,497 46,673 15,575 24,776
PSM ( PSM (UK & International) 183 335 1,242 3,389
This information is provided by RNS
The company news service from the London Stock Exchange