February 2018- From LSEG to the Buyside

Highlights

• Record £400mln+ monthly traded via LSE Mid-Point Pegged Order 
• Record €9.25bn monthly traded via Turquoise Plato Block Discovery™
• Turquoise Lit Auctions™ to introduce Minimum Execution Size: 5 March 
• Borsa Italiana announces changes on tick sizes
  

LSE Mid-Point Pegged Order

• Highest ever monthly value of £400.4mln traded via LSE Mid-Point Pegged Order
  - Represents +478% increase from December 2017 volumes

• £50.7mln on 12 January was largest day by value traded through Mid-Point Pegged Orders
  - Record largest trade in an individual stock was £2.95mln in CSPX.L on 9 January
  
  
• Resting hidden LIS orders are pegged to SETS midpoint, eliminating latency arbitrage risk
  - User defined MES
  - Automatically parking
  - Ability for resting orders to interact with both lit and dark contra liquidity

(ABOVE) Total value traded (£mln) through Mid-Point Pegged Orders on London Stock Exchange from Jan 2017 to Jan 2018

Turquoise Plato™ 

• January 2018 monthly record = €23.4bn (ADV €1.1bn)

• January highest monthly value traded via Turquoise Plato Block Discovery™ at €9.25bn
  - +22% from previous record of €7.55bn in October 2017
  - More than 5x Jan 2017 = €1.70bn
  - More than 55x Jan 2016 = €0.17bn
  - More than 144x Jan 2015 = €0.06bn

• Record weekly value traded via Turquoise Plato Block Discovery™ of €2.34bn between 29 January-02 February
  
  
• Record daily traded via Turquoise Plato Block Discovery™ on 11 January was €575.4mln
  - +25% increase on 2017 previous highs

• Turquoise Plato™ as whole set new weekly record of €5.56bn traded at across all the dark order book (+13% above prior record Brexit)

(Above) Growth of Turquoise Plato Block Discovery™- New Records in 2017 and January 2018 surpass extraordinary June 2016 Source: Turquoise analysis

Turquoise Lit Auctions™

• Turquoise will introduce Minimum Execution Size (MES) for orders on Turquoise Lit Auctions™ Order Book; in production on 5 March 2018

London Stock Exchange Order Book 

• In January, monthly ADVT traded in LSE Closing Auction was £1.6bn, comprising 27% of on-book volume
  - The closing auction represents the record of reference for passive fund managers
  
  
• £5.96bn ADVT on LSE Order Book in January, up from £5.09bn in December

 (Above) Source: London Stock Exchange Group Market Analysis- 05 February 2018

• £1.34 trillion traded on LSE Order Book in 2017, the highest annual value since 2007
  - New annual record of 258.7mln trades over the year

Borsa Italiana

• On 29 January, tick sizes assigned to shares traded on MTA, MIV, BIT Eq MTF and AIM Italia/MAC were modified
  - The updated list of shares and the related tick size table available on Borsa Italiana’s website

ETFs

• On London Stock Exchange:
  - ETPs on-book turnover reached £10.5bn in January 2018, 31% up compared to last year's January
  - China Post Global lists new ETF which provides exposure to 150 Japanese companies
  - UBS lists two socially responsible ETFs, hedged in GBP and USD

• On Borsa Italiana:
  - Franklin Templeton lists five Smart Beta ETFs listed on ETFplus
  - Listing of PowerShar Ita PIR Mul-Ass Port UCITS ETF

Fixed Income

• €180mln of the new Carraro International S.E. 2018-2025 bonds distributed on EuroMOT

ELITE

• ELITE celebrated the completion of its first bond transaction  in partnership with Banca Finint
  - The €122 mln ten-year bond is made up of ten well performing and innovative Italian ELITE companies
  - Lead investors are the European Investment Bank and Cassa Depositi e Prestiti.

Derivatives

• Four new IOB derivatives made available to trade on LSEDM order book

• Curve Global open Interest rose to 137,274 lots in January (+31% vs. Nov 2017)