36 per cent increase in daily equity value traded in May

  • Strong month for Equities and Derivatives across the Group

In May, 23 million equity trades were carried out across the London Stock Exchange Group’s electronic order books, with a combined value of £219.0 billion (€255.5 billion). The average daily value traded across Group’s equity markets was £11.1 billion (€12.9 billion), an increase of 36 per cent on May last year while the average daily number of trades was 1,176 912, up 14 per cent.

UK Cash Equities

The average daily value traded on the UK equity order book was £5.9 billion (€6.9 billion) an increase of 34 per cent year on year, while the average daily number of trades was up 13 per cent at 767,427.

Italian Cash Equities

During May, the average daily number of trades in Italian equities was 336,193, a record high and a 12 per cent increase on the same month last year. The average daily value traded during the month was up 32 per cent at €4.9 billion (£4.2 billion).

International Cash Equities

The total value traded in international equities increased 70 per cent on May 2009 to £17.7 billion, while the average daily value traded was also up 70 per cent year on year, totalling £921 million (€1.1 billion). The average daily number of trades was 73,292 up 37 per cent on last May.

ETFs and ETCs

May recorded the highest value traded and highest number of trades in ETFs and ETCs on the Group’s markets at £13.2 billion (€15.4 billion) and 469,537 respectively. The average daily number of trades was up 68 per cent year on year, totalling 22,806, whilst the average daily value traded was up 76 per cent to £654 million (€763 million).

Derivatives

A record 11,428,620 contracts were traded across the Group’s derivatives platforms in May 2010. The average daily number of contracts traded on the Group’s derivatives markets was up 17 per cent on May 2009. The average daily notional value traded was £4.8 billion (€5.6 billion), up 22 per cent.

IDEM broke its previous daily overall record five times during the month of May, reaching an all time high of 903,563 standard contracts traded within a day. The total number of contracts traded was up 91 per cent on the Italian derivatives platform with the total value traded also up 76 per cent at €113.9 billion (£97.7 billion).

Continuing from last month’s highs May saw the highest number of FTSE MIB futures standard contracts traded on IDEM so far this year with 31,877 average daily trades. Also reaching record levels was trading in stock futures standard contracts with a daily average of 266,491 and notional turnover daily average of €685 million.

Fixed income

Average daily value traded on the MTS Cash markets during the month was up by nine per cent year on year at €8.4 billion (£7.2 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 77 per cent year on year to €220 billion (£188.5 billion).

The average daily value traded during May on the Group’s retail bond markets was €1.1 billion (£939.4 million) down three per cent on the same month last year. The average daily number of trades was up eight per cent at 17,478.

–ends –

For further information, please contact:

Lauren Crawley-Moore +44 (0)20 7797 1222

Anna Mascioni +39 02 72426 212

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 19 trading days on the London Stock Exchange, the same as last year and 21 on Borsa Italiana during May 2010, one more than the previous year.

During May, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 827,051 up 16 per cent on May 2009. The average daily value traded was £6.9 billion, a increase of 39 per cent year on year.

The May 2010 value traded figures use a € per £ exchange rate of 1.16. The exchange rate used for May 2009 was 1.13.

Monthly Market Report   May 2010

 

 

BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK   TRADING

   

May 2010

 

May 2009

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK equities

 

14,581,111

112,875

131,687

 

12,863,543

84,180

95,179

Italian equities

 

7,060,048

88,427

103,165

 

5,990,868

63,875

72,220

International equities

 

1,426,203

17,731

20,687

 

1,040,137

10,440

11,804

ETFs & ETCs

 

469,537

13,189

15,387

 

269,197

7,257

8,206

Securitised Derivatives

 

167,030

879

1,025

 

192,983

754

852

Derivatives (EDX & IDEM)

 

11,428,620

101,324

118,211

 

9,536,809

80,438

90,947

Retail Bonds

 

367,025

19,726

23,014

 

322,292

20,076

22,698

MTS Cash

 

31,483

151,774

177,069

 

31,912

136,738

154,604

MTS Repo

 

47,188

3,957,442

4,617,008

 

41,351

2,192,722

2,479,206

   

Average daily

UK equities

 

767,427

5,941

6,931

 

677,029

4,431

5,009

Italian equities

 

336,193

4,211

4,913

 

299,543

3,194

3,611

International equities

 

73,292

921

1,074

 

53,612

543

614

ETFs & ETCs

 

22,806

654

763

 

13,607

371

420

Securitised Derivatives

 

7,957

42

49

 

9,649

38

43

Derivatives (EDX & IDEM)

 

544,220

4,825

5,629

 

465,431

3,967

4,485

Retail Bonds

 

17,478

939

1,096

 

16,115

1,004

1,135

MTS Cash

 

1,499

7,227

8,432

 

1,596

6,837

7,730

MTS Repo

 

2,247

188,450

219,858

 

2,068

109,636

123,960

         
   

January to May 2010

 

January to May 2009

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK equities

 

58,647,828

463,155

527,860

 

69,057,296

451,670

500,567

Italian equities

 

26,226,139

285,218

325,895

 

26,826,064

221,335

246,152

International equities

 

5,810,964

76,276

86,872

 

4,594,396

42,887

47,608

ETFs & ETCs

 

1,834,629

48,527

55,383

 

1,156,451

33,947

37,670

Securitised Derivatives

 

669,778

4,983

5,665

 

904,630

3,503

3,886

Derivatives (EDX & IDEM)

 

35,955,614

353,917

403,736

 

46,038,187

391,607

434,092

Retail Bonds

 

1,594,665

88,537

100,834

 

1,685,402

96,934

107,565

MTS Cash

 

186,067

968,181

1,100,058

 

146,258

638,173

708,210

MTS Repo

 

232,437

20,582,648

23,414,740

 

225,631

11,969,780

13,269,773

   

Average daily

UK equities

 

574,979

4,541

5,175

 

677,032

4,428

4,908

Italian equities

 

252,174

2,742

3,134

 

260,447

2,149

2,390

International equities

 

56,637

745

849

 

44,895

420

466

ETFs & ETCs

 

17,705

470

537

 

11,255

331

367

Securitised Derivatives

 

6,440

48

54

 

8,783

34

38

Derivatives (EDX & IDEM)

 

345,727

3,403

3,882

 

449,456

3,818

4,232

Retail Bonds

 

15,333

851

970

 

16,363

941

1,044

MTS Cash

 

1,789

9,309

10,577

 

1,420

6,196

6,876

MTS Repo

 

2,235

197,910

225,142

 

2,191

116,211

128,833

         

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.