17.6 million electronic equity trades in March

In March, 17.6 million equity trades were carried out across London Stock Exchange Group’s electronic order books, with a combined value of £162 billion (€179 billion) up three per cent on March 2009. The average daily number of trades was 766,229, 28 per cent lower than March 2009. Average daily value traded was £7.0 billion (€7.8 billion) down two per cent on last year.

UK Cash Equities

The average daily value traded on the UK equity order book was £4.1 billion (€4.6 billion) a decrease of 15 per cent year on year, while the average daily number of trades was down 34 per cent at 498,299.

Italian Cash Equities

During March, the average daily number of trades in Italian equities was 214,760, down 20 per cent on the same month last year. The average daily value traded during the month was up 19 per cent at €2.4 billion (£2.2 billion).

International Cash Equities

Total value traded in International equities increased 67 per cent on March 2009 to £16.9 billion, whilst the average daily value traded was up 60 per cent year on year, totalling £737 million (€817 million). The average daily number of trades was 53,170, up 12 per cent on last March.

ETFs and ETCs

Trading in ETFs and ETCs saw the average daily number of trades up 30 per cent year on year, totalling 14,971. The average daily value traded was up nine per cent to £382 million (€424 million).

Derivatives

The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was down 39 per cent on March 2009. The average daily notional value traded was £3.3 billion, (€3.6 billion) down 16 per cent.

On IDEM, nine short term stock futures on FTSE Italia MID CAP underlyings were made available from 22 March 2010. These were introduced to support further volume growth of stock futures contracts in 2010 and to satisfy clients’ needs for a broadening in the range of underlyings listed on IDEM.

Stock futures are also now available for all constituents of the FTSE MIB index with the introduction of three new stock futures which were listed on the 22 March 2010.

Fixed income

Trading on the MTS Cash markets continued to perform strongly, with the average daily value traded during the month up by 60 per cent year on year at €11 billion (£9.9 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 74 per cent year on year to €229.8 billion (£207.2 billion).

The average daily value traded during March on the Group’s retail bond markets was €931 million (£840 million) down three per cent on the same month last year. The average daily number of trades was in line with March last year at 15,014.

–ends –

For further information, please contact:

Lauren Crawley-Moore +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 23 trading days on the London Stock Exchange and on Borsa Italiana during March 2010, one more than last year.

During March, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 535,482 down 32 per cent on March 2009. The average daily value traded was £4.8 billion, a decrease of 10 per cent year on year.

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

The March 2010 value traded figures use a € per £ exchange rate of 1.11. The exchange rate used for March 2009 was 1.11.

 

BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK   TRADING

   

March 2010

 

March 2009

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

11,460,885

94,898

105,255

 

16,539,588

106,375

115,668

Italian equities

 

4,939,479

49,832

55,270

 

5,921,100

40,820

44,386

International equities

 

1,222,907

16,947

18,796

 

1,046,982

10,145

11,031

ETFs & ETCs

 

344,342

8,792

9,751

 

252,676

7,733

8,409

Securitised Derivatives

 

127,738

1,210

1,342

 

194,563

650

707

Derivatives (EDX & IDEM)

 

6,346,421

75,202

83,410

 

10,026,504

85,566

93,040

Retail Bonds

 

345,322

19,315

21,423

 

330,425

19,496

21,199

MTS Cash

 

43,840

228,648

253,602

 

30,531

139,400

151,577

MTS Repo

 

53,161

4,765,941

5,286,079

 

46,862

2,675,144

2,908,829

   

Average daily

UK equities

 

498,299

4,126

4,576

 

751,799

4,835

5,258

Italian equities

 

214,760

2,167

2,403

 

269,141

1,855

2,018

International equities

 

53,170

737

817

 

47,590

461

501

ETFs & ETCs

 

14,971

382

424

 

11,485

352

382

Securitised Derivatives

 

5,554

53

58

 

8,844

30

32

Derivatives (EDX & IDEM)

 

275,931

3,270

3,627

 

455,750

3,889

4,229

Retail Bonds

 

15,014

840

931

 

15,019

886

964

MTS Cash

 

1,906

9,941

11,026

 

1,388

6,336

6,890

MTS Repo

 

2,311

207,215

229,830

 

2,130

121,597

132,220

         
   

January to March 2010

 

January to March 2009

   

Totals

   

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

33,874,806

267,609

301,643

 

42,282,046

277,736

305,392

Italian equities

 

14,410,405

140,879

158,798

 

14,621,110

105,704

116,269

International equities

 

3,290,008

43,928

49,472

 

2,610,174

23,479

25,812

ETFs & ETCs

 

991,989

25,730

29,011

 

637,982

19,806

21,795

Securitised Derivatives

 

376,086

3,053

3,438

 

517,505

2,129

2,343

Derivatives (EDX & IDEM)

 

17,752,047

189,185

213,022

 

25,542,938

237,940

261,558

Retail Bonds

 

924,512

51,995

58,592

 

1,039,149

56,768

62,483

MTS Cash

 

117,450

626,681

706,048

 

83,656

366,020

402,737

MTS Repo

 

139,684

12,184,692

13,720,276

 

140,814

7,223,188

7,945,219

   

Average daily

UK equities

 

537,695

4,248

4,788

 

671,144

4,409

4,847

Italian equities

 

228,737

2,236

2,521

 

232,081

1,678

1,846

International equities

 

52,222

697

785

 

41,431

373

410

ETFs & ETCs

 

15,746

408

460

 

10,127

314

346

Securitised Derivatives

 

5,970

48

55

 

8,214

34

37

Derivatives (EDX & IDEM)

 

281,779

3,003

3,381

 

405,443

3,777

4,152

Retail Bonds

 

14,675

825

930

 

16,494

901

992

MTS Cash

 

1,864

9,947

11,207

 

1,328

5,810

6,393

MTS Repo

 

2,217

193,408

217,782

 

2,235

114,654

126,115

         

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.