Monthly market report - April 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 April a total of 21.9 million trades were carried out across the Group’s electronic equity order books with a combined value of £161.1 billion (€182.4 billion), down 13 per cent on April 2010 (£184.4 billion). The fall in both aggregate and daily volumes may be explained by a very unusual holiday pattern throughout the month of April 2011.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.4 billion (€5 billion), down 10 per cent year on year; the average daily number of trades increased six per cent to 585,111.

The LSE’S share of trading in the lit UK order book for April was 63.5 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 271,738, down two per cent on the same month last year, whilst the average daily value traded on the order book decreased 13 per cent year on year to €3.3 billion (£2.9 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in April was €1.3 billion (£1.2 billion) up 28 per cent on the same month last year. The average daily number of trades was up 52 per cent at 295,939.

On the dark mid-point book, Turquoise traded an average daily value of €251 million (£221 million), up 96 per cent on April 2010.  There were a total of 32,691 trades, an increase of over 60 per cent year on year.

Turquoise’s total share of European order book trading for March was 4.4 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 8,066,635, up 19 per cent compared with April 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in April was down three per cent year on year to £9.3 billion (€10.5 billion). The total number of trades was down 14 per cent reaching 321,845.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 13 per cent year on year at €12.2 billion (£10.8 billion). On the MTS Repo market, the average term adjusted daily value traded increased by two per cent year on year to €259.7 billion (£229.2 billion).

The average daily value traded on the Group’s retail bond markets was €707 million (£625 million), down 27 per cent on the same month last year. The average daily number of trades was down nine percent at 13,904.

–ends –

For further information, please contact:

 

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

Anna Mascioni                                               +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 respectively 18 and 19 trading days on the London Stock Exchange and Borsa Italiana in April 2011 and 20 in April 2010.

The April 2011 value traded figures use a € per £ exchange rate of 1.13. The exchange rate used for April 2010 was 1.14.

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