Market Report - February 2009

RNS Number : 4494O
London Stock Exchange Group PLC
06 March 2009
 





 


6 March 2009

ETR - 17


£119.2 billion of electronic equity trading across london stock excHange group 

 - ETF and ETC trading shows 38 per cent increase


total of 17.5 million equity trades with a combined value of £119.2 billion (133.5 billion) were carried out across the electronic order books of the London Stock Exchange Group during February 2009.  The average daily number of trades was 874,593, 13 per cent lower than during February 2008, while the average daily value traded was £6.0 billion (€6.7 billion), a decrease of 52 per cent on the same month last year.  


Despite challenging market conditions, trading in ETFs and ETCs continued to grow during February, increasing 38 per cent year on year in terms of both the average daily number of trades and value traded. The average daily number of contracts traded on the EDX London and IDEM derivatives markets also increased, up 12 per cent year on year.


UK Order Book

An average 622,980 trades in UK equities were carried out on the order book each day during February, a decrease of ten per cent compared with the previous February. The average daily value traded decreased by 51 per cent to £4.0 billion (€4.5 billion), partly reflecting the 31 per cent fall in the average value of the FTSE100 compared with the same month last year.


Italian Order Book 

On the Italian order book the average daily number of equity trades was 212,414 during February, a decrease of 25 per cent on February last year. The average daily value traded was €1.8 billion (£1.6 billion) a decrease of 59 per cent year on year, which reflects a decline of 47 per cent in the average value of the MIB index compared with February last year.  


International Order Book

During the month, an average 39,199 electronic trades were carried out in international equities across the Group each day, an increase of six per cent compared with February 2008. The average daily value traded was £337.5 million (€377.9 million), down 60 per cent year on year.


ETFs and ETCs

Trading in ETFs and ETCs continued to grow. The average daily number of electronic trades in ETFs and ETCs increased 38 per cent on the previous February to 9,743. The average daily value traded was also up 38 per cent year on year to £310.8 million (€348.0 million). 


Derivatives 

The average daily number of contracts traded across EDX London and IDEM increased 12 per cent year on year to 398,961. However, the average notional value traded each day declined 47 per cent compared with last February to £3.4 billion (€3.8 billion).


- ends -


For further information, please contact:


Catherine Mattison +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 20 trading days on the London Stock Exchange and Borsa Italiana, one fewer than in February 2008.


During February, the average daily number of trades on SETS - covering all equity based order book trading on the London Stock Exchange was 651,489, down nine per cent on February 2008. The average daily value traded was £4.4 billion, a decrease of 51 per cent compared with February 2008.


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


The February 2009 value traded figures use a  per £ exchange rate of 1.1197. The exchange rate used for February 2008 was 1.3068.


  


BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK TRADING



February 2009


February 2008











Totals








Trades

Value Traded £m

Value 

Traded €m


Trades

Value Traded £m

Value 

Traded €m










UK equities


12,459,609

80,575.5

90,220.0


14,518,503

172,629.2

225,600.1

Italian equities


4,248,279

31,921.3

35,742.1


5,916,394

70,634.4

92,308.5

International equities


783,976

6,749.3

7,557.1


778,972

17,372.4

22,703.1

ETFs & ETCs


194,857

6,216.8

6,960.9


148,290

4,720.6

6,169.1

Securitised Derivatives


155,526

666.1

745.9


220,577

1,268.9

1,658.2

Derivatives (EDX, IDEM)


7,979,227

67,069.0

75,096.8


7,509,335

132,440.9

173,080.1






Average daily









UK equities


622,980

4,028.8

4,511.0


691,357

8,220.4

10,742.9

Italian equities


212,414

1,596.1

1,787.1


281,733

3,363.5

4,395.6

International equities


39,199

337.5

377.9


37,094

827.3

1,081.1

ETFs & ETCs


9,743

310.8

348.0


7,061

224.8

293.8

Securitised Derivatives


7,776

33.3

37.3


10,504

60.4

79.0

Derivatives (EDX, IDEM)


398,961

3,353.4

3,754.8


357,587

6,306.7

8,241.9








January to February 2009


January to February 2008









Totals






Trades

Value Traded £m

Value 

Traded €m


Trades

Value Traded £m

Value 

Traded €m










UK equities


25,742,458

171,361.2

191,334.6


33,961,956

398,153.4

527,224.0

Italian equities


8,700,010

64,370.2

71,882.9


13,188,476

161,167.5

213,390.6

International equities


1,563,192

13,314.7

14,869.5


1,724,521

38,793.6

51,352.5

ETFs & ETCs


385,306

12,028.7

13,434.1


343,915

10,328.4

13,669.1

Securitised Derivatives


322,942

1,465.6

1,636.3


504,423

3,628.3

4,813.8

Derivatives (EDX, IDEM)


15,516,434

151,724.1

169,383.3


16,021,970

277,284.2

366,798.6






Average daily









UK equities


627,865

4,179.5

4,666.7


789,813

9,259.4

12,261.0

Italian equities


212,195

1,570.0

1,753.2


306,709

3,748.1

4,962.6

International equities


38,127

324.7

362.7


40,105

902.2

1,194.2

ETFs & ETCs


9,398

293.4

327.7


7,998

240.2

317.9

Securitised Derivatives


7,877

35.7

39.9


11,731

84.4

111.9

Derivatives (EDX, IDEM)


180,732

2,140.4

2,389.7


177,991

4,496.8

5,951.2






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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