Over 13 million electronic equity trades in December

- Strong trading growth in ETFs and ETCs and on MTS

During December, 13.3 million equity trades, with a combined value of £108.4 billion (€120.5 billion), were carried out across the electronic order books of London Stock Exchange Group during December. The average daily number of trades was 640,169, 18 per cent lower than December 2008, while the average daily value traded was £5.2 billion (€5.8billion), a decrease of six per cent on the same month last year.

A number of the Group’s other markets recorded strong performances during the month, with the average daily number of trades in ETFs and ETCs growing by 75 per cent and the average daily value traded on the MTS cash markets increasing by 79 per cent.

UK Cash Equities

During the month, the average daily value traded on the UK equity order book was £3.1 billion (€3.5 billion), a decrease of 19 per cent year on year, while the average daily number of trades was 426,732, down 24 per cent on the same month last year.

The total value traded on the UK order book in December was £65.7 billion (€73.0 billion) and the total number of trades was 9.0 million.

Italian Cash Equities

On the Italian equity order book, the average daily number of trades in December was 173,235, down six per cent year on year. The average daily value traded during the month was up 17 per cent on last year, reaching €1.8 billion (£1.6 billion).

The total number of trades was 3.5 million, slightly down on last year, while the total value traded was €35.7 billion (£32.1 billion), up 23 per cent on December last year.

International Cash Equities

During December, the average daily value traded in international stocks on the Group’s equity order books was up 59 per cent year on year at £511 million (€568 million). The average daily number of trades was 40,201, an increase of 23 per cent on December 2008.

ETFs and ETCs

Trading in ETFs and ETCs continued to grow, with the average daily number of trades in December up by 75 per cent year on year to 13,534. The average daily value traded was up 17 per cent to £354 million (€393 million).

Derivatives

The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was down 19 per cent on December 2008, at 253,657. The average daily notional value traded was £2.9 billion (€3.2 billion), down 40 per cent on the same month the previous year. During 2009 as a whole, a record 42.6 million contracts were traded on IDEM, a 19 per cent increase on 2008.

Fixed income

Trading on the MTS Cash markets remained strong, with the average daily value traded during the month up by 79 per cent year on year at €9.4 billion (£8.5 billion), while on the MTS Repo market the average term adjusted daily value traded increased by 46 per cent year on year to €176.1 billion (£158.4 billion).

On MOT, Borsa Italiana’s retail fixed income market, the average daily value traded during December was €698 million (£628 million), a 12 per cent year on year decrease, while the average daily number of trades was 21 per cent lower than the same month last year at 10,971. Nevertheless the calendar year as a whole showed a 30 per cent increase in value traded.

- ends -

For further information, please contact:

Alastair Fairbrother +44 (0)20 7797 1222

Anna Mascioni +39 02 72426 212

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.

There were 21 trading days on the London Stock Exchange during December 2009, the same as the previous year, while on Borsa Italiana there were 20 trading days, one more than during December 2008.

During December, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 457,439 down 22 per cent on December 2008. The average daily value traded was £3.6 billion, a decrease of 14 per cent year on year.

Primary market data for December will be available on the websites of London Stock Exchange and Borsa Italiana later in the month.

The December 2009 value traded figures use a € per £ exchange rate of 1.11. The exchange rate used for December 2008 was 1.11.

 

 

 

BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK   TRADING

   

December 2009

 

December 2008

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

8,961,382

65,708

73,031

 

11,819,023

81,538

90,149

Italian equities

 

3,464,707

32,103

35,681

 

3,489,542

26,243

29,015

International equities

 

833,115

10,634

11,819

 

667,201

6,632

7,333

ETFs & ETCs

 

273,694

7,240

8,047

 

151,137

5,936

6,563

Securitised Derivatives

 

98,740

633

703

 

144,447

777

859

Derivatives (EDX & IDEM)

 

5,073,137

57,976

64,438

 

5,949,463

91,805

101,501

MOT

 

219,428

12,559

13,959

 

264,740

13,697

15,144

MTS Cash

 

31,530

169,037

187,878

 

21,431

90,447

99,999

MTS Repo

 

46,781

3,168,130

3,521,251

 

45,961

2,070,229

2,288,871

   

Average daily

UK equities

 

426,732

3,129

3,478

 

562,811

3,883

4,293

Italian equities

 

173,235

1,605

1,784

 

183,660

1,381

1,527

International equities

 

40,201

511

568

 

32,706

320

354

ETFs & ETCs

 

13,534

354

393

 

7,754

302

334

Securitised Derivatives

 

4,937

32

35

 

7,602

41

45

Derivatives (EDX & IDEM)

 

253,657

2,899

3,222

 

313,130

4,832

5,342

MOT

 

10,971

628

698

 

13,934

721

797

MTS Cash

 

1,577

8,452

9,394

 

1,128

4,760

5,263

MTS Repo

 

2,339

158,407

176,063

 

2,419

108,959

120,467

         
   

January to December 2009

 

January to December 2008

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

148,370,280

1,025,255

1,150,054

 

186,634,578

1,883,494

2,390,795

Italian equities

 

60,072,259

575,438

645,992

 

65,869,234

781,981

993,682

International equities

 

11,897,071

129,495

145,339

 

11,102,996

199,874

253,761

ETFs & ETCs

 

3,195,797

86,901

97,453

 

1,803,549

65,582

82,441

Securitised Derivatives

 

1,904,179

9,170

10,280

 

2,702,042

17,976

22,818

Derivatives (EDX & IDEM)

 

105,347,805

963,564

1,080,472

 

95,768,182

1,471,296

1,860,629

MOT

 

3,548,265

204,087

228,860

 

3,050,774

140,720

176,518

MTS Cash

 

390,350

1,873,584

2,101,338

 

437,602

1,797,647

2,295,897

MTS Repo

 

541,377

32,701,348

36,674,579

 

620,679

25,759,746

32,385,477

   

Average daily

UK equities

 

586,444

4,052

4,546

 

734,782

7,415

9,413

Italian equities

 

236,505

2,266

2,543

 

260,353

3,091

3,928

International equities

 

46,964

511

574

 

43,766

787

1,000

ETFs & ETCs

 

12,593

343

384

 

7,123

259

325

Securitised Derivatives

 

7,497

36

40

 

10,680

71

90

Derivatives (EDX & IDEM)

 

416,716

3,804

4,266

 

378,530

5,815

7,354

MOT

 

13,970

803

901

 

12,058

556

698

MTS Cash

 

1,537

7,376

8,273

 

1,730

7,105

9,075

MTS Repo

 

2,131

128,745

144,388

 

2,453

101,817

128,006

         

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.