Average daily value traded in cash equities up ten per cent in July

In July, 17.5 million equity trades were carried out across the London Stock Exchange Group’s electronic order books, with a combined value of £136.1 billion (€162.9 billion). The average daily value traded across the Group’s cash equity markets was £6.2 billion (€7.4 billion), a ten per cent increase on July 2009.

On the Italian equity order book, an increase in trading activity continued with the average daily number of trades growing 11 per cent year on year and the average daily value traded up 17 per cent. In London, the total value traded on the order book increased four per cent year on year, reaching £95.2 billion (€113.9 billion).

UK Cash Equities

During July, the average daily value traded on the UK equity order book was £3.7 billion (€4.4 billion), an increase seven per cent year on year, while the average daily number of trades was also up eight per cent at 537,477.

Italian Cash Equities

The average daily number of trades in Italian equities was 210,515 in July, an 11 per cent increase on the same month last year. The average daily value traded during the month was up 17 per cent at €2.3 billion (£1.9 billion).

International Cash Equities

The total value traded in international equities increased ten per cent on July 2009 to £11.8 billion (€14.2 billion), while the total number of trades was 1,088,326, an eight per cent year on year increase.

ETFs and ETCs

The average daily number of trades in ETFs and ETCs was up 32 per cent year on year, reaching 14,473, while the average daily value traded was up 38 per cent to £391 million (€467 million).

Derivatives

On the Group’s derivatives platforms, the average daily notional value traded was down 11 per cent at £2.6 billion (€3.1 billion), while the average daily number of contracts traded was down 41 per cent to 217,831 against July 2009. A large proportion of the reduction in volumes for the Group can be attributed to the ending of the partnership between EDX and NASDAQ OMX in December 2009. This month investor weariness of recent uncertainty in global markets including Russia also affected trading volumes in Russian products.

Growth continues on IDEM with FIB index futures, MIBO index options and stock futures all showing year on year increase in both the number of contracts traded and notional value. Across IDEM, the average daily notional value grew by 27 percent while the average daily number of contracts traded grew by eight per cent

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 21 per cent year on year at €9.3 billion (£7.7 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 86 per cent year on year to €239.1 billion (£199.8 billion).

The average daily value traded on the Group’s retail bond markets was €753 million (£629 million), down 14 per cent on the same month last year. The average daily number of trades was down 12 percent at 11,806.

–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 22 trading days on the London Stock Exchange and on Borsa Italiana in July 2010, one fewer than July 2009.

During July, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 576,774 up nine per cent on July 2009. The average daily value traded was £4.3 billion, a eight per cent year on year increase.

The July 2010 value traded figures use a € per £ exchange rate of 1.19. The exchange rate used for July 2009 was 1.16.

 

BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK   TRADING

   

July 2010

 

July 2009

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

11,824,501

81,790

97,875

 

11,399,458

79,805

92,698

Italian equities

 

4,631,333

42,469

50,821

 

4,378,124

39,028

45,332

International equities

 

1,088,326

11,849

14,180

 

1,005,665

10,781

12,523

ETFs & ETCs

 

318,411

8,594

10,285

 

252,169

6,521

7,574

Securitised Derivatives

 

112,199

739

884

 

132,851

749

870

Derivatives (EDX & IDEM)

 

4,792,286

57,265

68,526

 

8,443,147

67,450

78,347

Retail Bonds

 

259,724

13,841

16,562

 

308,338

17,432

20,248

MTS Cash

 

36,980

170,431

203,949

 

35,584

151,626

176,121

MTS Repo

 

54,650

4,395,286

5,259,678

 

44,287

2,548,426

2,960,121

   

Average daily

UK equities

 

537,477

3,718

4,449

 

495,629

3,470

4,030

Italian equities

 

210,515

1,930

2,310

 

190,353

1,697

1,971

International equities

 

49,469

539

645

 

43,725

469

544

ETFs & ETCs

 

14,473

391

467

 

10,964

284

329

Securitised Derivatives

 

5,100

34

40

 

5,776

33

38

Derivatives (EDX & IDEM)

 

217,831

2,603

3,115

 

367,093

2,933

3,406

Retail Bonds

 

11,806

629

753

 

13,406

758

880

MTS Cash

 

1,681

7,747

9,270

 

1,547

6,592

7,657

MTS Repo

 

2,484

199,786

239,076

 

1,926

110,801

128,701

   

January to July 2010

 

January to July 2009

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

83,529,299

639,351

739,793

 

93,965,886

626,950

704,710

Italian equities

 

36,284,104

389,858

451,829

 

36,171,308

305,663

344,363

International equities

 

8,173,651

103,649

119,807

 

6,750,110

65,434

73,864

ETFs & ETCs

 

2,514,284

66,712

77,255

 

1,657,408

47,567

53,531

Securitised Derivatives

 

916,959

6,497

7,485

 

1,204,828

4,909

5,523

Derivatives (EDX & IDEM)

 

50,336,391

494,271

572,647

 

62,203,513

543,985

611,605

Retail Bonds

 

2,195,229

119,143

137,651

 

2,276,549

129,331

145,282

MTS Cash

 

260,030

1,313,803

1,515,664

 

215,670

937,335

1,056,545

MTS Repo

 

340,505

29,655,148

34,325,229

 

316,980

17,029,509

19,161,262

   

Average daily

UK equities

 

572,118

4,379

5,067

 

639,224

4,265

4,794

Italian equities

 

245,163

2,634

3,053

 

244,401

2,065

2,327

International equities

 

55,767

708

819

 

45,816

445

502

ETFs & ETCs

 

17,033

453

525

 

11,217

322

363

Securitised Derivatives

 

6,196

44

51

 

8,141

33

37

Derivatives (EDX & IDEM)

 

340,111

3,340

3,869

 

418,638

3,666

4,122

Retail Bonds

 

14,833

805

930

 

15,382

874

982

MTS Cash

 

1,757

8,877

10,241

 

1,457

6,333

7,139

MTS Repo

 

2,301

200,373

231,927

 

2,142

115,064

129,468

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.