Monthly Market Report - October 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 October a total of 21.3 million trades were carried out across the Group’s electronic equity order books with a combined value of £161 billion (€184 billion), down 24 per cent on October 2009.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.4 billion (€5.0 billion), down 13 per cent year on year; the average daily number of trades reduced 10 per cent to 550,301.

The LSE’S share of trading in the total UK order book for October was 63.4 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 233,031, down 25 per cent on the same month last year, whilst the average daily value traded on the order book decreased 27 per cent year on year to €2.7 billion (£2.4 billion).

Borsa Italiana’s share of trading in the total Italian order book for October was 81.4 per cent

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in October was €925 million (£811 million) down 27 per cent on the same month last year. The average daily number of trades was down 12 per cent at 206,901.

On the dark mid-point book, Turquoise traded an average daily value of €150 million (£132 million), up 213 per cent on October 2009. There were a total of 467,036 trades, an increase of 220 per cent year on year.

Turquoise share of lit trading in the total UK order book for October was 4.1 per cent. For dark trading its total share was 16.3 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 5,486,187, down 47 per cent compared with October 2009.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in October was down five per cent year on year to £9.4 billion (€10.7 billion). The total number of trades was down 10 per cent reaching 341,996.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up seven per cent year on year at €11.4 billion (£10.0 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 44 per cent year on year to €256.6 billion (£224.8 billion).

The average daily value traded on the Group’s retail bond markets was €860 million (£754 million), down one per cent on the same month last year. The average daily number of trades was up ten percent at 14,431.

–ends –

For further information, please contact:

Investor Relations:

Tom Woodley +44 (0)207 7971 3322

irinfo@londonstockexchange.com

Press:

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 21 trading days on the London Stock Exchange and Borsa Italiana, one less than October 2009.

The October 2010 value traded figures use a € per £ exchange rate of 1.14. The exchange rate used for October 2009 was 1.09.

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

   

October 2010

 

October 2009

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK order book

 

11,556,319

91,572

104,489

 

13,380,001

110,593

120,792

Italian order book

 

4,893,645

49,496

56,478

 

6,849,363

73,802

80,608

International Equities

 

1,235,126

14,557

16,611

 

1,266,350

16,930

18,491

ETFs & ETCs

 

341,996

9,395

10,721

 

381,581

9,866

10,776

Securitised Derivatives

 

107,316

899

1,026

 

173,653

1,119

1,222

Derivatives (EDX &   IDEM)

 

5,486,187

53,190

60,693

 

10,280,425

99,666

108,858

Retail Bonds

 

303,054

15,830

18,062

 

288,301

17,490

19,103

MTS Cash

 

43,564

210,558

240,260

 

38,374

216,478

236,441

MTS Repo

 

55,063

4,721,737

5,387,796

 

46,622

3,584,275

3,914,819

Turquoise Integrated

 

4,344,914

17,021

19,422

 

5,191,873

25,564

27,921

Turquoise MidPoint

 

467,036

2,762

3,152

 

145,763

965

1,054

   

Average daily

UK order book

 

550,301

4,361

4,976

 

608,182

5,027

5,491

Italian order book

 

233,031

2,357

2,689

 

311,335

3,355

3,664

International Equities

 

58,816

693

791

 

57,561

770

841

ETFs & ETCs

 

16,286

447

511

 

17,345

448

490

Securitised Derivatives

 

5,110

43

49

 

7,893

51

56

Derivatives (EDX &   IDEM)

 

261,247

2,533

2,890

 

467,292

4,530

4,948

Retail Bonds

 

14,431

754

860

 

13,105

795

868

MTS Cash

 

2,074

10,027

11,441

 

1,744

9,840

10,747

MTS Repo

 

2,622

224,845

256,562

 

2,119

162,922

177,946

Turquoise Integrated

 

206,901

811

925

 

235,994

1,162

1,269

Turquoise MidPoint

 

22,240

132

150

 

6,626

44

48

   

January to October 2010

 

January to October 2009

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK order book

 

123,909,340

1,017,658

1,183,936

 

136,055,297

996,985

1,120,076

Italian order book

 

56,156,162

607,710

707,504

 

58,865,910

555,293

624,367

International Equities

 

11,496,500

141,231

164,078

 

10,037,800

105,810

119,001

ETFs & ETCs

 

3,518,256

93,110

108,410

 

2,608,478

71,911

80,784

Securitised Derivatives

 

1,249,920

9,022

10,464

 

1,651,706

7,582

8,514

Derivatives (EDX &   IDEM)

 

66,983,235

675,713

787,225

 

89,593,923

819,315

920,091

Retail Bonds

 

3,042,542

163,506

189,994

 

3,070,258

176,227

197,879

MTS Cash

 

385,014

1,888,857

2,193,570

 

322,741

1,485,161

1,669,407

MTS Repo

 

503,720

43,279,978

50,403,598

 

449,821

26,831,304

30,147,608

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

 

590,044

4,846

5,638

 

644,812

4,725

5,308

Italian order book

 

263,644

2,853

3,322

 

276,366

2,607

2,931

International Equities

 

54,537

671

779

 

47,425

501

563

ETFs & ETCs

 

16,565

440

512

 

12,274

339

381

Securitised Derivatives

 

5,868

42

49

 

7,755

36

40

Derivatives (EDX &   IDEM)

 

314,475

3,172

3,696

 

419,436

3,840

4,312

Retail Bonds

 

14,284

768

892

 

14,414

827

929

MTS Cash

 

1,808

8,868

10,298

 

1,515

6,973

7,838

MTS Repo

 

2,365

203,192

236,637

 

2,112

125,969

141,538

Turquoise Integrated

 

219,672

826

1,056

 

180,760

837

1,074

Turquoise MidPoint

 

23,060

114

149

 

4,627

20

33

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