International Order Book celebrates 10 years of trading
- £40.6 billion raised by companies since launch in 2001
- Average daily value traded $1.2billion
- IOB now world's most liquid GDR market
- LSEG celebrates with 'Russia in Global Markets' event
- Dmitry Pankin, Head of Russia's FFMS, opens London trading
Today London Stock Exchange celebrated ten years of trading on its International Order Book (IOB). Launched in 2001, the IOB is now home to over 315 stocks, from 48 countries in Asia, Central and Eastern Europe and the Middle East. Over £40.6 billion has been raised in primary and secondary issues since the market was founded and the IOB is now the world's most liquid market for trading in Global Depository Receipts (GDRs).
This year also marks the fifth anniversary of trading in Russian derivatives on the Group's Derivatives platform. Now part of Turquoise Derivatives, the platform has established itself as the leading international marketplace for trading Russian equity and index derivatives, representing approximately 90 per cent of all globally exchange-traded options.
As part of the celebrations, the London Stock Exchange is today hosting a ‘Russia in Global Markets' event. Senior representatives from both the Russian and European financial markets will meet to discuss a wide range of topics exploring Russia's capital markets, international relationships and investment opportunities.
To mark the occasion, Dmitry Pankin, Head of the Russian regulator, Federal Financial Markets Service (FFMS), was welcomed by the London Stock Exchange to open London trading in a market open ceremony this morning at 8am.
Nicolas Bertrand, Head of Equities and Derivatives Markets at London Stock Exchange Group:
"The International Order Book has been a huge success story. It has demonstrated tremendous growth since its inception in 2001 and has firmly established itself as the world's most liquid market for trading in Global Depositary Receipts. The continued interest from global companies looking to list their GDRs on London Stock Exchange Group markets illustrates the growing international reputation of the IOB.
"The introduction five years ago of derivatives based upon highly liquid GDRs has also helped to boost liquidity on the order book, contributing to the Group's position as the leading international gateway to Russia."
From today a new monthly factsheet on the IOB will be posted on the London Stock Exchange website. To view October's trading figures, please follow the below link:
London Stock Exchange's specialist website dedicated to Russia and the CIS also has a range of helpful statistics: http://www.russianipo.com/statistics.php
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Notes to editors:
About London Stock Exchange Group:
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.
About Turquoise Global Holdings Limited:
Turquoise Global Holdings Limited ("TGHL") is an investment firm authorised by the Financial Services Authority (FSA) of the United Kingdom. Majority owned by London Stock Exchange Group (LSEG), its shareholders also include twelve leading investment banks.
TGHL operates a multilateral trading facility ("Turquoise") with two distinct trading platforms; Turquoise Equities and Turquoise Derivatives. Turquoise Equities offers lit and dark trading services in some 2,000 securities (including equities, ETFs, GDRs and ADRs) across 19 countries in Europe and the United States. Turquoise Derivatives offers trading of single stock, index and dividend derivatives based on pan-European and International Order Book (IOB) equities.
For more information on Turquoise Derivatives, please visit: http://www.tradeturquoise.com/tq_derivatives_products.shtml
TQ Lens, Turquoise's liquidity aggregation service facilitates smart order routing by parsing incoming orders and distributing them according to a series of sophisticated algorithms to otherwise inaccessible, fragmented liquidity sources.
Users of the Turquoise MTF and TQ Lens benefit from fully risk-managed clearing solutions, and industry-leading market surveillance to ensure fair and orderly operations.
Membership is uniformly open to qualified firms, with members today ranging from the largest global banks and brokers to institutions with local, regional and sector focus, and specialist trading and market-making firms.
For more information, please visit www.tradeturquoise.com