Monthly Market Report - December 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 December a total of 24.4 million trades were carried out across the Group’s electronic equity order books with a combined value of £128.1 billion (€151.8 billion), down 11 per cent on December 2010 (£143.8 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £3.5 billion (€4.2 billion), down 5 per cent year on year. The average daily number of trades increased 25 per cent to 584,371.

The LSE’s share of trading in the total UK order book for December was 61.7 per cent.

Italian Equities Order Book

On the Italian order book, the average daily number of trades was 200,582, down 13.4 per cent on the same month last year, whilst the average daily value traded on the order book decreased 33 per cent year on year to €1.8 billion (£1.5 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in December was €1.4 billion (£1.2 billion) up 66 per cent on the same month last year. The average daily number of trades was up 119 per cent at 384,812.

On the Turquoise dark mid-point book, the average daily value traded was €103 million (£87 million), down 14 per cent on December 2010. There was an average daily total of 20,816 trades, an increase of over 21 per cent year on year.

Turquoise share of pan-European trading for December was 5.4 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 5,346,435, down 12 per cent compared with December 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in December was down 14 per cent year on year to £8.0 billion (€9.5 billion). The total number of trades was also down 21 per cent at 281,496.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 21 per cent year on year at €5.4 billion (£4.5 billion). On the MTS Repo market, the average term adjusted daily value was down 38 per cent year on year at €153.3 billion (£129.4 billion).

The average daily value traded on the Group’s retail bond markets was €994 million (£839 million), up 42 per cent on the same month last year. The average daily number of trades was up 40 per cent at 22,682.

– ends –

For further information, please contact:

Ed Clark +44 (0)20 7797 1222
Anna Mascioni (Borsa Italiana) +39 027 2426 212  
newsroom@londonstockexchange.com

 

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 20 trading days on the London Stock Exchange in December 2011 compared with 21 in December 2010, and 21 trading days on Borsa Italiana in December 2011, the same as December 2010.

The December 2011 value traded figures use a € per £ exchange rate of 1.18. The exchange rate used for December 2010 was 1.18.

About London Stock Exchange Group:

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 UK and Russian derivatives trading, 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 access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,850 people.

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

BORSA ITALIANA – LONDON STOCK EXCHANGE   ELECTRONIC ORDER BOOK TRADING

 

 

 

 

 

 

 

 

 

 

 

 

 

December-11

 

December-10

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

UK   order book

 

11,687,426

70,308

83,298

 

9,788,179

77,562

91,450

 

Italian   order book

 

4,212,221

31,761

37,629

 

4,863,293

47,787

56,344

 

Derivatives

 

5,346,435

44,270

52,450

 

6,051,176

64,832

76,442

 

Retail   Bonds

 

476,316

17,618

20,874

 

340,141

12,477

14,712

 

MTS   Cash

 

24,468

94,947

112,489

 

28,020

120,960

142,620

 

MTS   Repo

 

57,727

2,718,003

3,220,173

 

59,398

4,434,867

5,229,006

 

Turquoise   Integrated

 

8,081,047

24,241

28,720

 

4,038,804

16,065

18,942

 

Turquoise   MidPoint

 

437,138

1,825

2,163

 

394,708

2,347

2,767

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK   order book

 

584,371

3,515

4,165

 

466,104

3,693

4,355

 

Italian   order book

 

200,582

1,512

1,792

 

231,585

2,276

2,683

 

Derivatives

 

261,708

2,116

2,507

 

272,834

3,062

3,611

 

Retail   Bonds

 

22,682

839

994

 

16,197

594

701

 

MTS   Cash

 

1,165

4,521

5,357

 

1,334

5,760

6,791

 

MTS   Repo

 

2,749

129,429

153,342

 

2,828

211,184

249,000

 

Turquoise   Integrated

 

384,812

1,154

1,368

 

175,600

698

824

 

Turquoise   MidPoint

 

20,816

87

103

 

17,161

102

120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January to December 2011

 

January to December 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

UK   order book

 

170,600,032

1,201,192

1,383,546

 

146,161,773

1,193,585

1,390,421

 

Italian   order book

 

73,583,140

700,685

806,782

 

67,133,685

720,077

839,371

 

Derivatives

 

86,285,438

806,504

927,498

 

80,016,069

807,735

942,273

 

Retail   Bonds

 

4,696,777

179,167

206,802

 

3,881,764

197,641

230,022

 

MTS   Cash

 

484,256

2,264,334

2,608,011

 

461,549

2,237,344

2,602,274

 

MTS   Repo

 

741,789

54,398,607

62,614,586

 

624,044

52,170,393

60,843,188

 

Turquoise   Integrated

 

105,660,752

393,607

452,758

 

56,223,333

230,553

269,093

 

Turquoise   MidPoint

 

7,601,856

44,991

51,809

 

5,787,472

32,190

37,822

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK   order book

 

679,681

4,786

5,512

 

577,715

4,718

5,496

 

Italian   order book

 

287,434

2,737

3,151

 

262,241

2,813

3,279

 

Derivatives

 

337,642

3,151

3,624

 

311,478

3,154

3,679

 

Retail   Bonds

 

18,347

700

808

 

15,163

772

899

 

MTS   Cash

 

1,892

8,845

10,188

 

1,803

8,740

10,165

 

MTS   Repo

 

2,898

212,495

244,588

 

2,438

203,791

237,669

 

Turquoise   Integrated

 

411,131

1,532

1,762

 

217,920

894

1,043

 

Turquoise   MidPoint

 

29,579

175

202

 

22,432

125

147

 

 

 

 

 

 

 

 

 

 

 

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.