Monthly Market Report - July 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 July a total of 29 million trades were carried out across the Group’s electronic equity order books with a combined value of £195.8 billion (€221.3 billion), up 16 per cent on July 2010 (£169.5 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.4 billion (€5.0 billion), up two per cent year on year; the average daily number of trades was up six per cent to 611,941.

The LSE’s share of trading in the total UK order book for July was 62.2 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 310,027, up 30 per cent on the same month last year, whilst the average daily value traded on the order book increased 21 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 July was €2.1 billion (£1.8 billion) up 88 per cent on the same month last year. The average daily number of trades was up 78 per cent at 434,180.

On the dark mid-point book, Turquoise traded an average daily value of €193 million (£171 million), down 11 per cent on July 2010.  There were an average daily total of 25,709 trades, a decrease of 22 per cent year on year.

Turquoise share of Pan European trading for July was 5.9 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 7.1 million, up 49 per cent compared with July 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in July was up 24 per cent year on year to £10.6 billion (€12 billion). The total number of trades was up nine per cent at 347,478.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up one per cent year on year at €9.3 billion (£8.3 billion). On the MTS Repo market, the average term adjusted daily value is up 15 per cent year on year at €274.2 billion (£242.6 billion).

The average daily value traded on the Group’s retail bond markets was €805 million (£712 million), up six per cent on the same month last year. The average daily number of trades was up 72 per cent at 20,623.

–ends –

For further information, please contact:

Lauren Crawley-Moore                                  +44 (0)20 7797 1222
Anna Mascioni                                               +39 027 2426 211
                                                                      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 21 trading days in July 2011 and 22 trading days in July 2010 on the London Stock Exchange, Turquoise and Borsa Italiana.

The July 2011 value traded figures use a € per £ exchange rate of 1.13.  The exchange rate used for July 2010 was 1.20.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July-11

 

July-10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

12,850,764

92,599

104,660

 

12,708,545

95,197

113,919

 

 

Italian order book

 

6,510,557

61,338

69,328

 

5,266,225

50,245

60,126

 

 

Derivatives

 

7,116,156

84,567

95,582

 

4,792,286

57,265

68,526

 

 

Retail Bonds

 

433,092

14,954

16,902

 

263,441

13,991

16,743

 

 

MTS Cash

 

40,209

173,504

196,103

 

36,980

170,431

203,949

 

 

MTS Repo

 

58,736

5,094,244

5,757,772

 

54,650

4,395,286

5,259,678

 

 

Turquoise Integrated

 

9,117,787

38,280

43,266

 

5,369,914

20,128

24,086

 

 

Turquoise MidPoint

 

539,893

3,594

4,062

 

728,204

3,975

4,757

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

611,941

4,409

4,984

 

577,661

4,327

5,178

 

 

Italian order book

 

310,027

2,921

3,301

 

239,374

2,284

2,733

 

 

Derivatives

 

338,865

4,027

4,552

 

217,831

2,603

3,115

 

 

Retail Bonds

 

20,623

712

805

 

11,975

636

761

 

 

MTS Cash

 

1,915

8,262

9,338

 

1,681

7,747

9,270

 

 

MTS Repo

 

2,797

242,583

274,180

 

2,484

199,786

239,076

 

 

Turquoise Integrated

 

434,180

1,823

2,060

 

244,087

915

1,095

 

 

Turquoise MidPoint

 

25,709

171

193

 

33,100

181

216

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January to July 2011

 

January to July 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

92,480,834

701,723

806,847

 

89,840,195

750,627

868,547

 

 

Italian order book

 

43,946,603

457,646

526,199

 

41,578,101

455,439

527,623

 

 

Derivatives

 

53,893,292

520,264

596,809

 

50,336,391

494,271

572,647

 

 

Retail Bonds

 

2,357,402

97,484

112,058

 

2,219,522

120,135

138,797

 

 

MTS Cash

 

320,420

1,512,975

1,740,642

 

260,030

1,313,803

1,515,664

 

 

MTS Repo

 

427,145

34,597,677

39,766,773

 

340,505

29,655,148

34,325,229

 

 

Turquoise Integrated

 

48,734,935

196,655

225,546

 

32,016,749

137,055

158,834

 

 

Turquoise MidPoint

 

4,600,408

29,884

34,382

 

3,073,912

17,085

19,977

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

642,228

4,873

5,603

 

615,344

5,141

5,949

 

 

Italian order book

 

296,937

3,092

3,555

 

280,933

3,077

3,565

 

 

Derivatives

 

364,144

3,515

4,032

 

340,111

3,340

3,869

 

 

Retail Bonds

 

15,928

659

757

 

14,997

812

938

 

 

MTS Cash

 

2,165

10,223

11,761

 

1,757

8,877

10,241

 

 

MTS Repo

 

2,886

233,768

268,694

 

2,301

200,373

231,927

 

 

Turquoise Integrated

 

329,290

1,329

1,524

 

216,329

926

1,073

 

 

Turquoise MidPoint

 

31,084

202

232

 

20,770

115

135

 

 

 

 

 

 

 

 

 

 

 

 

 

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.