June 2020- From LSEG to the Buyside

June 2020- From LSEG to the Buyside

LSEG Highlights

    • LSEG "Exchanging Ideas" features guests from Fidelity and Liontrust, discussing remote working and recent market volatility
    • London Stock Exchange consultation shows consensus on how a reduction in trading hours could help improve diversity, wellbeing and overall market structure
    • Turquoise Plato Trade At Last™ (TAL) has a planned go-live date on 13 July
    • Shanghai-London Stock Connect: China Pacific Insurance Group Co. received approval from CSRC to issue GDRs in London
    • Borsa Italiana hosts the Digital Italian Sustainability Week from 29 June, with 40+ listed companies available for e-meetings
    • Short selling bans lifted in Europe on 18 May

LSEG "Exchanging Ideas" with Fidelity and Liontrust 

    • LSEG "Exchanging Ideas" - Navigating Coronavirus Volatility welcomed Tom Stevenson (Head of EMEA Equity Trading, Fidelity International), Matthew McLoughlin (Head of Trading, Liontrust Asset Management) and Michele Troiani (Head of Buyside Relationship Management, UK and Continental Europe, LSEG) 
    • Watch the video covering remote working and how the trading community has adjusted, as well as resiliency, innovation and market hours

Market consultation on market structure and trading hours 

    • There was broad consensus among respondents to London Stock Exchange’s consultation, that a reduction in trading hours could help improve velocity of trading, diversity and wellbeing
    • A majority of respondents would ideally require a broadly aligned approach across European exchanges
    • London Stock Exchange will discontinue intra-day auctions on SETS, and will consult with key stakeholders, including regulators, to minimise any potential market disruption. 

Liquidity trends ​​in 2020

    • Robert Barnes, CEO of Turquoise and Global Head of Primary Markets, LSEG describes on our website how buy-side traders are sourcing liquidity more frequently on block trading venues
    • Scott Bradley, Head of Business Development, Cash Secondary Markets and Turquoise, discusses market volatility during the latest episode of TRADE Talks ​​

Turquoise Plato™

    • Turquoise Plato Trade At Last™ (TAL) has a planned go-live date on 13 July - looking forward to engage with you in the coming weeks
    • Turquoise Plato Lit Auctions™ re-introduction of Good For Auction (GFA) Time-in-Force which, when entered into the book, will trigger an auction if there is contra resting liquidity; if no contra-liquidity is present, it will immediately be cancelled back to the user
    • ​​​Turquoise Plato™ Average Daily Turnover increased by +655% since 2013

Turquoise Plato™ Average Daily Value Traded from 2013 to May 2020 (€ millions)

London Stock Exchange

      • £31.2bn traded during Closing Auctions, representing 32% of total order book
      • £11.3m ADVT in Closing Price Crossing (CPX) Session

International Order Book (IOB) and Shanghai-London Stock Connect

    • $6bn traded in May 2020, with $315m ADVT 
    • IOB offers access to Emerging Markets even beyond Russia, with India value traded at $229m (+18% YoY) and Kazakhstan value traded at $52m (+195% YoY)
    • China Pacific Insurance Group Co. (CPIC) has received approval from the Chinese Securities Regulatory Commission (CSRC) to issue GDRs through the Shanghai-London Stock Connect programme
      • This marks a significant step toward listing in London
      • This will be the second listing through the programme after Huatai Securities successfully raised just under $1.7 billion last year

London Stock Exchange ETPs

London Stock Exchange Investment Funds Market

    • 450+ closed-ended investment funds are listed in London, with $200bn in market capitalisation and 80+ subsectors – including alternatives such as renewables, royalties, property and infrastructure

Discover the London Listed Investment Funds Market

Borsa Italiana - Equity and Derivatives

    • €2.6bn Borsa Italiana ADVT in May 2020
    • Borsa Italiana has organized a webinar in partnership with Optiver, discussing liquidity and dislocations in Equity derivatives, cash and ETF markets

Borsa Italiana Digital Sustainability Week

    • Borsa Italiana Digital Sustainability Week (29 June - 3 July) allows international investors to e-meet with the top management and Sustainability teams of 40+ Italian listed companies, and takes place from 29 June to 3 July
      • Videos will also be uploaded covering latest trends in Sustainable Finance, including Covid-19 impact

Did you know that...

    • London Stock Exchange and Borsa Italiana offer data and trading reports that supplement our proprietary exchange data which can be used for insight, analysis, trading or reporting
    • London Stock Exchange and Borsa Italiana are pleased to offer complimentary access to London Stock Exchange and Borsa Italiana data sets to unlicensed customers for internal use up to end of October 2020

For further details please contact marketdataTRIAL@lseg.com and find out more on LSEG Market Data Website