Monthly Market Report - March 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 March a total of 31.6 million trades were carried out across the Group's electronic equity order books with a combined value of £233.9 billion (€269.9 billion), up 22 per cent on March 2010 (£191.8 billion).

UK Equities Order Book

During the month, the average daily number of trades increased 24 per cent year on year to 667,849; the average daily value traded on the UK order book was £5.2 billion (€6.0 billion), up seven per cent.

The LSE's share of total UK order book trading for March was 64.4 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 322,606, up 29 per cent on the same month last year; the average daily value traded on the order book increased 34 per cent year on year to €3.8 billion (£3.3 billion).

Borsa Italiana's share of total Italian order book trading for March was 82.2 per cent.

Turquoise Cash Equities

It was a record month for average daily value traded on the Turquoise integrated book in March, with €1.6 billion (£1.4 billion) of trading, up 80 per cent on the same month last year. The average daily number of trades was up 92 per cent at 345,004.

On the dark mid-point book, Turquoise traded an average daily value of €259 million (£224 million), up 203 per cent on March 2010.  There were a total of 844,784 trades, an increase of 151 per cent year on year.

Turquoise's total share of European order book trading for March was 4.3 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 7,618,837, a 20 per cent increase compared with March 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in March was up 50 per cent year on year to £13.2 billion (€15.2 billion). The total number of trades was up 42 per cent on the same period, reaching 490,495.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 12 per cent year on year at €12.4 billion (£10.7 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 25 per cent year on year to €286.9 billion (£248.6 billion).

The average daily number of trades on the Group's retail bond markets was down three per cent at 14,765, the average daily value traded was €714 million (£619 million), down 24 per cent on the same month last year.

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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 23 trading days on both the London Stock Exchange and Borsa Italiana in March 2011, the same as March 2010.

The March 2011 value traded figures use a € per £ exchange rate of 1.15.  The exchange rate used for March 2010 was 1.10.

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 1,500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

 

BORSA ITALIANA - LONDON STOCK EXCHANGE  ELECTRONIC ORDER   BOOK TRADING

   

March 2011

 

March 2010

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK order book

 

15,360,531

120,358

138,896

 

12,342,791

112,281

124,534

Italian order book

 

7,419,940

76,624

88,426

 

5,752,560

59,397

65,880

International Equities

 

2,377,354

25,361

29,267

 

1,222,907

16,947

18,796

ETFs & Other ETPs

 

490,495

13,172

15,201

 

344,342

8,792

9,751

Securitised Derivatives

 

137,195

1,007

1,162

 

127,738

1,210

1,342

Derivatives (EDX &   IDEM)

 

7,618,837

93,371

107,752

 

6,346,421

75,202

83,410

Retail Bonds

 

339,597

14,229

16,421

 

349,545

19,492

21,619

MTS Cash

 

54,582

246,397

284,348

 

43,840

228,648

253,602

MTS Repo

 

67,804

5,717,401

6,598,021

 

53,161

4,765,941

5,286,079

Turquoise Integrated

 

7,935,098

31,736

36,624

 

4,140,648

18,311

20,310

Turquoise MidPoint

 

844,784

5,161

5,956

 

336,292

1,774

1,968

   

Average daily

UK order book

 

667,849

5,233

6,039

 

536,643

4,882

5,415

Italian order book

 

322,606

3,331

3,845

 

250,111

2,582

2,864

International Equities

 

103,363

1,103

1,272

 

53,170

737

817

ETFs & Other ETPs

 

21,326

573

661

 

14,971

382

424

Securitised Derivatives

 

5,965

44

51

 

5,554

53

58

Derivatives (EDX &   IDEM)

 

331,254

4,060

4,685

 

275,931

3,270

3,627

Retail Bonds

 

14,765

619

714

 

15,198

847

940

MTS Cash

 

2,373

10,713

12,363

 

1,906

9,941

11,026

MTS Repo

 

2,948

248,583

286,870

 

2,311

207,215

229,830

Turquoise Integrated

 

345,004

1,380

1,592

 

180,028

796

883

Turquoise MidPoint

 

36,730

224

259

 

14,621

77

86

   

January to March 2011

 

January to March 2010

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK order book

 

40,614,193

318,908

373,386

 

36,295,919

312,709

352,435

Italian order book

 

20,708,316

206,187

241,438

 

16,647,375

168,489

189,927

International Equities

 

5,898,115

66,326

77,649

 

3,290,008

43,928

49,472

ETFs & Other ETPs

 

1,353,425

34,467

40,351

 

991,989

25,730

29,011

Securitised Derivatives

 

401,701

3,205

3,757

 

376,086

3,053

3,438

Derivatives (EDX &   IDEM)

 

19,691,156

214,047

250,272

 

17,752,047

189,185

213,022

Retail Bonds

 

1,016,631

42,452

49,752

 

934,804

52,431

59,083

MTS Cash

 

151,289

702,141

822,573

 

117,450

626,681

706,048

MTS Repo

 

184,325

15,424,533

18,061,690

 

139,684

12,184,692

13,720,276

Turquoise Integrated

 

19,154,040

77,726

90,940

 

12,372,673

54,143

61,053

Turquoise MidPoint

 

2,168,912

14,025

16,424

 

668,848

4,146

4,664

   

Average daily

UK order book

 

644,670

5,062

5,927

 

576,126

4,964

5,594

Italian order book

 

323,567

3,222

3,772

 

264,244

2,674

3,015

International Equities

 

93,346

1,051

1,230

 

52,222

697

785

ETFs & Other ETPs

 

21,223

542

635

 

15,746

408

460

Securitised Derivatives

 

6,277

50

59

 

5,970

48

55

Derivatives (EDX &   IDEM)

 

307,674

3,344

3,910

 

281,779

3,003

3,382

Retail Bonds

 

15,885

663

777

 

14,838

832

938

MTS Cash

 

2,364

10,971

12,853

 

1,864

9,947

11,207

MTS Repo

 

2,880

241,008

282,214

 

2,217

193,408

217,782

Turquoise Integrated

 

905,951

3,679

4,308

 

591,629

2,588

2,920

Turquoise MidPoint

 

102,936

668

782

 

31,249

196

220

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.