IOB Newsletter - September 2014

  • IOB Newsletter- September 2014

    Updates on names included in FESE 1 tick table

 
 
This month's top 10 most traded names and volume risers on the IOB
 

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Updates on names included in the FESE 1 tick table

As communicated in the response to the IOB consultation (Market Notice N01/14), the average daily order book turnover (ADT) of IOB securities will be periodically reviewed to determine the list of most liquid IOB securities (defined as those with an ADT of at least $30m) to be included in the FESE 1 tick size regime.  

In the September 2014 quarterly review, OJSC Magnit (MGNT, US55953Q2021) is observed to have traded $32.9m daily on average in the period from 23 June 2014 and 31 August 2014. Therefore, this security will be moved from the existing FESE 2 tick table to FESE 1 from Monday 22 September. Magnit will join Gazprom (OGZD), Sberbank (SBER), Lukoil (LKOD), Rosneft (ROSN), Norilsk Nickel (MNOD) and Novatek (NVTK) which each maintained an average daily turnover above the threshold during the review period, and will therefore maintain there FESE 1 tick tables.  See below for further detail and confirmation of the all IOB securities to be on the FESE 1 table from 22 September.

Full details of the tick tables (Price Format Schedules) can be found in the Millennium Exchange Business Parameters Document at: www.lseg.com/tradingservices

IOB securities with at least $30m ADT in the period leading up to the September 2014 quarterly review (pending changes highlighted)

 

TIDM

NAME

23 June - 31 August 2014 order   book value traded

ADT ($)

Current tick table

New tick table

OGZD

OAO GAZPROM

$6,742.6m

$137.6m

FESE 1

FESE 1

SBER

SBERBANK OF RUSSIA

$5,264.4m

$107.4m

FESE 1

FESE 1

LKOD

LUKOIL (OAO)

$4,702.7m

$96.0m

FESE 1

FESE 1

ROSN

OJSC OC ROSNEFT

$2,235.0m

$45.6m

FESE 1

FESE 1

MNOD

MMC NORILSK NICKEL

$2,188.6m

$44.7m

FESE 1

FESE 1

MGNT

OJSC MAGNIT

$1,611.6m

$32.9m

FESE 2

FESE 1

NVTK

OAO NOVATEK

$1,509.3m

$30.8m

FESE 1

FESE 1

 

IOB equity trading in August 2014

  • IOB average cash equity Daily Turnover was $589 million

 

IOB derivative trading in August 2014

IOB Derivatives are part of the London Stock Exchange Derivatives Markets, which include IOB, UK, and Norwegian products.

  • August 2014 saw continued growth of IOB DR futures (+1,076% on Jan-Aug 13) with 43,317 contracts traded. Open interest at historical high again, with 331,244 contracts.
  • 331,909 IOB DR options traded

New members

  • At end of August 2014, LSE had 362 member firms; 94 members have trading access to IOB (CCP)
  • DRW Investments UK Limited commenced trading on IOB.
  • Please click here to find out more about member firms details and their access to our markets

Events

LSEG Beijing IPO Conference: Beijing, 9 October 2014: The conference will focus on China's investment outlook, equity capital raising in the UK, Chinese companies' experience in London, as well as various aspects of IPO preparation. Other important topics will include UK institutional investor demand for China equity stories and opportunities for Chinese investment in the UK. More details >>