November 2017 - LSEG to the Buy Side
2017-11-08
Highlights
- AIM 50 securities admitted to trading on Turquoise
- 88 of FTSE 100* stocks expected to be impacted by MiFID II DVCs
- LSE share of UK Lit market trading for October 2017 was 72.5%
- Russia’s En+ Group lists on London Stock Exchange
Turquoise Plato™
- The constituents of the FTSE AIM UK 50 index and FTSE AIM UK Reserve List are now available to trade on Turquoise
- Total value traded: €139.4mln (57% in Turquoise Plato™) since 16 October
- Largest trade was €1.1mln in ASOS, facilitated by Turquoise Plato Block Discovery™ - Turquoise Plato Block Discovery™ Records in October:
- Record Trade = €15.5mln in BASF on 11 October
- Record Daily Value Traded = €458mln on 25 October
- Record Weekly Value Traded = €1.95bn between 23-27 October
- Record Monthly Value Traded = €7.55bn in October 2017
(ABOVE) Data and graph from Fidessa’s Top of the Blocks: Block Trading Report: http://fragmentation.fidessa.com/venuestats/blockvenues/ (The report includes all trades larger than the MiFID I large in scale LIS threshold on the selected venues)
- Graph above reflecting that Turquoise Plato Block Discovery™ had the highest total value (€mln) traded in LIS Band 5 stocks (week ending 27 Oct)
MiFID II Double Volume Caps
- Updated analysis on estimated impact of MiFID II DVCs has found that 88 of FTSE 100 stocks are expected to be impacted
- The estimated results cover the period of Jan-Sept 2017, using data that will form the basis of the actual ESMA assessment
- Calculated for only 95 securities which have been consistently in the FTSE 100 index over the period and so have a complete dataset
- Please contact institutionalinvestors@lseg.com for more detail on these figures
DVC as % EU Venua Value Traded | Stock Count |
0 - 8% | 7 |
8 - 10% | 14 |
10 - 15% | 70 |
15 - 20% | 4 |
20 - 25% | 0 |
> 25% | 0 |
London Stock Exchange
- London Stock Exchange share of UK Lit market trading for October 2017 was 72.5%
- The highest monthly share since June 2009 (73%)
London Stock Exchange Mid Point Pegged Orders
- Total value traded in Mid-Point Pegged Orders in Q3 2017 was £285mln (+116% YoY)
- Since the enhancements (below) to Mid-Point Pegged Orders there has been a +148% growth in the value traded through the order type
- User defined Minimum Execution Size
- Automatically parking of Mid-Price Pegged Order
- New IOC/FOK TIF for Mid-Price Pegged Orders
(ABOVE) Monthly value traded through London Stock Exchange Mid-Point Pegged Orders (£mln)
Fixed Income
- On 11 October, Abu Dhabi issued the second largest sovereign bond from an emerging market seller in 2017 on London Stock Exchange
- The $10bn deal is Abu Dhabi's largest ever transaction
Derivatives
- The latest LSEG Derivatives Newsletter highlights how to use equity derivatives to optimise risk-reward for fundamental managers
- CurveGlobal achieves record volumes of 226,138 lots in October
Primary Markets
- Russia’s En+ Group lists on London Stock Exchange
- En+ Group raises $1.5 billion from international investors, valuing the company at $8 billion
- Largest Russian IPO globally since 2012, reinforcing London Stock Exchange’s position as global partner of choice for international Russian fundraising - In October, 3 IPOs on Borsa Italiana, raising €2.93bn
ETFs
- 15 new ETFs listed on London Stock Exchange in October
- Total number of listings YTD is 126
Conferences & Events |
PWC Conference on Asset Management Fixed Income Future Leaders Summit 2017 FIX Trading Conference LAAG Working Group FIA ASIA 2017 |
Did you know that... | In October, the FTSE 250 turned 25. The index was first launched on 12 October 1992, and has come a long way in 25 years. It has become a flagship within FTSE Russell’s line-up of indexes. Robust in its ability to mirror a dynamic segment of the UK equity market, the index is trusted and used daily by asset managers, asset owners, brokers and investment banks across the UK and globally. |