Monthly Market Report – November 2010

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 November a total of 24.5 million trades were carried out across the Group’s electronic equity order books with a combined value of £187.2 billion (€219.6 billion), up 14 per cent on November 2009 (21.4 million trades).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.5 billion (€5.3 billion), unchanged year on year; the average daily number of trades increased four per cent to 566,557.

The London Stock Exchange’s share of trading in the total UK order book for November was 63.1 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 277,920, up eight per cent on the same month last year, whilst the average daily value traded on the order book increased two per cent year on year to €3.4 billion (£2.9 billion).

Borsa Italiana’s share of trading in the total Italian order book for November was 82.1 per cent

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in November was €1.1 billion (£977 million) up six per cent on the same month last year. The average daily number of trades was up 18 per cent at 245,198.

On the dark mid-point book, Turquoise traded an average daily value of €148 million (£127 million), up 163 per cent on November 2009. There were a total of 481,079 trades, an increase of 182 per cent year on year.

Turquoise share of lit trading in the total UK order book for November was 4.8 per cent. For dark trading its total UK order book share was 18.2 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 6,981,658, up 27 per cent compared with October.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in November was up 52 per cent year on year to £11.8 billion (€13.8 billion). The total number of trades was also up 39 per cent reaching 436,994.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up four per cent year on year at €12.1 billion (£10.3 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 66 per cent year on year to €237 billion (£203 billion).

The average daily value traded on the Group’s retail bond markets was €1.1 billion (£923 million), up 31 per cent on the same month last year. The average daily number of trades was up 69 percent at 21,177.

–ends –

For further information, please contact:

Jonny Blostone / Lauren Crawley-Moore +44 (0)20 7797 1222
Luca Grassis +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 22 trading days on the London Stock Exchange and Borsa Italiana, one more than November 2009.

The November 2010 value traded figures use a € per £ exchange rate of 1.17. The exchange rate used for November 2009 was 1.11.

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

   

November 2010

 

November 2009

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK order book

 

12,464,254

98,366

115,673

 

11,486,638

94,020

104,592

Italian order book

 

6,114,230

64,580

75,523

 

5,400,103

63,645

70,801

International Equities

 

1,507,348

16,031

18,837

 

1,026,156

13,051

14,518

ETFs & Other ETPs

 

436,994

11,770

13,796

 

313,625

7,751

8,622

Securitised Derivatives

 

135,992

1,037

1,213

 

153,733

955

1,063

Derivatives (EDX &   IDEM)

 

6,981,658

67,190

78,576

 

10,680,745

86,245

95,943

Retail Bonds

 

465,890

20,300

23,740

 

262,664

15,514

17,259

MTS Cash

 

48,515

227,527

266,084

 

36,079

219,386

244,054

MTS Repo

 

60,926

4,455,547

5,210,585

 

44,775

2,701,913

3,005,720

Turquoise Integrated

 

5,394,361

21,498

25,141

 

4,353,896

20,320

22,604

Turquoise MidPoint

 

481,079

2,786

3,258

 

170,868

1,062

1,181

   

Average daily

UK order book

 

566,557

4,471

5,258

 

546,983

4,477

4,981

Italian order book

 

277,920

2,935

3,433

 

257,148

3,031

3,371

International Equities

 

68,516

729

856

 

48,865

621

691

ETFs & Other ETPs

 

19,863

535

627

 

14,935

369

411

Securitised Derivatives

 

6,181

47

55

 

7,321

45

51

Derivatives (EDX &   IDEM)

 

317,349

3,054

3,572

 

508,607

4,107

4,569

Retail Bonds

 

21,177

923

1,079

 

12,508

739

822

MTS Cash

 

2,205

10,342

12,095

 

1,718

10,447

11,622

MTS Repo

 

2,769

202,525

236,845

 

2,132

128,663

143,130

Turquoise Integrated

 

245,198

977

1,143

 

207,328

968

1,076

Turquoise MidPoint

 

21,867

127

148

 

8,137

51

56

   

January to November 2010

 

January to November 2009

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK order book

 

136,373,594

1,116,024

1,299,609

 

147,541,935

1,091,005

1,224,668

Italian order book

 

62,270,392

672,290

783,027

 

64,266,013

618,938

695,168

International Equities

 

13,003,848

157,262

182,915

 

11,063,956

118,861

133,519

ETFs & Other ETPs

 

3,955,250

104,881

122,207

 

2,922,103

79,662

89,406

Securitised Derivatives

 

1,385,912

10,059

11,676

 

1,805,439

8,537

9,577

Derivatives (EDX &   IDEM)

 

73,964,891

742,903

865,831

 

100,274,668

905,561

1,016,034

Retail Bonds

 

3,541,623

185,163

215,311

 

3,340,988

192,090

215,527

MTS Cash

 

433,529

2,116,384

2,459,654

 

332,647

1,704,547

1,789,934

MTS Repo

 

564,646

47,735,525

55,614,183

 

494,596

29,533,217

33,153,328

Turquoise Integrated

 

46,790,168

175,970

225,011

 

38,682,549

179,093

229,907

Turquoise MidPoint

 

4,911,685

24,295

31,796

 

508,977

2,242

3,629

   

Average daily

UK order book

 

587,817

4,810

5,602

 

635,957

4,703

5,279

Italian order book

 

264,980

2,861

3,332

 

274,641

2,645

2,971

International Equities

 

55,863

676

787

 

47,557

512

575

ETFs & Other ETPs

 

16,874

449

523

 

12,512

342

384

Securitised Derivatives

 

5,898

43

50

 

7,716

36

41

Derivatives (EDX &   IDEM)

 

314,744

3,161

3,684

 

427,438

3,864

4,335

Retail Bonds

 

15,071

788

916

 

14,278

821

921

MTS Cash

 

1,845

9,006

10,467

 

1,422

7,284

7,649

MTS Repo

 

2,403

203,130

236,656

 

2,114

126,210

141,681

Turquoise Integrated

 

199,107

749

957

 

164,607

762

978

Turquoise MidPoint

 

20,901

103

135

 

3,885

17

28

Turquoise year to date   figures for 2009, are from June-November. 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.