Market Report June 2011

RNS Number : 9125J

London Stock Exchange Group PLC

06 July 2011

 



06 July 2011

ETR - 45

MONTHLY MARKET REPORT - June 2011

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 June a total of 29.1 million trades were carried out across the Group's electronic equity order books with a combined value of £201.8 billion (€227.4 billion), down three per cent on June 2010 (£207.1 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.7 billion (€5.3 billion), down seven per cent year on year; the average daily number of trades was up four per cent to 663,587.

The LSE's share of trading in the total UK order book for June was 65.3 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 263,972, down six per cent on the same month last year, whilst the average daily value traded on the order book decreased 17 per cent year on year to €3.2 billion (£2.9 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in June was €1.6 billion (£1.4 billion) up 38 per cent on the same month last year. The average daily number of trades was up 53 per cent at 365,604.

On the dark mid-point book, Turquoise traded an average daily value of €201 million (£178 million), up one per cent on June 2010.  There were an average daily total of 28,118 trades, a decrease of 14 per cent year on year.

Turquoise share of Pan European trading for June was 5.0 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 8.8 million down eight per cent compared with June 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in June was up eight per cent year on year to £10.3 billion (€11.6 billion). The total number of trades was down nine per cent at 327,906.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 17 per cent year on year at €11.2 billion (£10.0 billion). On the MTS Repo market, the average term adjusted daily value is stable year on year at €257.8 billion (£228.8 billion).

The average daily value traded on the Group's retail bond markets was €716 million (£636 million), down 23 per cent on the same month last year. The average daily number of trades was down five percent at 14,814.

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For further information, please contact:

Lauren Crawley-Moore                                  [phone]

Anna Mascioni                                               [phone]  

                                                                         [e-mail]

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.

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, Turquoise and Borsa Italiana in June 2010 and June 2011.

The June 2011 value traded figures use a € per £ exchange rate of 1.13.  The exchange rate used for June 2010 was 1.21.

About London Stock Exchange:

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 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 an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING
		June-11				June-10
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		14,598,910	103,437	116,555		14,097,415	111,524	134,739
Italian order book		5,807,380	63,398	71,438		6,158,333	70,964	85,735
Derivatives		8,815,120	97,443	109,801		9,588,491	83,089	100,385
Retail Bonds		325,911	13,984	15,758		343,681	16,866	20,377
MTS Cash		44,726	219,367	247,188		36,983	175,190	211,658
MTS Repo		64,527	5,032,584	5,670,851		53,418	4,677,215	5,650,811
Turquoise Integrated		8,043,286	31,056	34,995		5,256,113	21,047	25,428
Turquoise MidPoint		618,592	3,916	4,413		719,558	3,610	4,362
Average Daily
UK order book		663,587	4,702	5,298		640,792	5,069	6,124
Italian order book		263,972	2,882	3,247		279,924	3,226	3,897
Derivatives		393,313	4,421	4,982		435,841	3,777	4,563
Retail Bonds		14,814	636	716		15,622	767	926
MTS Cash		2,033	9,971	11,236		1,681	7,963	9,621
MTS Repo		2,933	228,754	257,766		2,428	212,601	256,855
Turquoise Integrated		365,604	1,412	1,591		238,914	957	1,156
Turquoise MidPoint		28,118	178	201		32,707	164	198
		January to June 2011				January to June 2010
		Trades	Value Traded			Trades	Value Traded
Totals			£m	€m			£m	€m
UK order book		79,630,070	609,123	702,187		77,131,650	655,430	754,628
Italian order book		37,436,046	396,308	456,872		36,311,876	405,195	467,497
Derivatives		46,777,136	435,697	501,227		45,544,105	437,006	504,120
Retail Bonds		1,924,310	82,530	95,156		1,956,081	106,144	122,054
MTS Cash		280,211	1,339,472	1,544,539		223,050	1,143,372	1,311,715
MTS Repo		368,409	29,503,434	34,009,000		285,855	25,259,863	29,065,551
Turquoise Integrated		39,620,148	158,375	182,280		26,646,835	116,927	134,749
Turquoise MidPoint		4,060,515	26,290	30,321		2,345,708	13,110	15,220
Average Daily
UK order book		647,399	4,952	5,709		622,029	5,286	6,086
Italian order book		294,772	3,121	3,597		288,189	3,216	3,710
Derivatives		1,098,812	4,469	5,145		1,111,180	4,492	5,179
Retail Bonds		15,152	650	749		15,524	842	969
MTS Cash		2,206	10,547	12,162		1,770	9,074	10,410
MTS Repo		2,901	232,311	267,787		2,269	200,475	230,679
Turquoise Integrated		1,876,584	7,507	8,643		1,269,239	5,575	6,424
Turquoise MidPoint		193,376	1,255	1,448		110,515	620	720
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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