Average daily value traded up 25 per cent in February

  • Average daily trading on the international order book almost doubles

The average daily value traded across London Stock Exchange Group’s equity markets during February increased 25 per cent year on year to £7.4 billion (€8.5 billion). The average daily number of trades was 865,706, one per cent lower than February 2009.

UK Cash Equities

The average daily value traded on the UK equity order book was £4.4 billion (€5.1 billion), an increase of 10 per cent year on year, while the average daily number of trades was down nine per cent at 566,718.

Italian Cash Equities

The average daily number of trades in Italian equities was 246,227, up 16 per cent on the same month last year. The average daily value traded during the month also grew, reaching €2.7 billion (£2.3 billion), a 49 per cent increase on last year.

International Cash Equities

During February, the average daily value traded in international stocks on the Group’s equity order books nearly doubled, up 99 per cent year on year, totalling £670 million (€765 million). Meanwhile the average daily number of trades was 52,761, up 35 per cent on last February.

ETFs and ETCs

Trading in ETFs and ETCs during the month was strong, with the average daily number of trades up 60 per cent year on year, totalling 15,609. The average daily value traded was up 38 per cent to £428 million (€489 million).

Derivatives

The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was down 24 per cent on February 2009 but up 13 per cent on last month at 302,540. The average daily notional value traded was £2.9 billion (€3.4 billion), 12 per cent lower than the same month last year.

On EDX London, the total number of IOB derivative contracts traded in February was up 56 per cent on last year to 3,109,415.

Fixed income

Trading on the MTS Cash markets remained strong, with the average daily value traded during the month up by 68 per cent year on year at €10.7 billion (£9.4 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 70 per cent year on year to €207.4 billion (£181.7 billion).

The average daily value traded during February on the Group’s retail bond markets was €1billion (£887 million), in line with same month last year. The average daily number of trades was 10 per cent lower than the same month last year at 15,238.

–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 20 trading days on the London Stock Exchange and on Borsa Italiana during February 2010, the same as the previous year.

During February, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 603,575 down 7 per cent on February 2009. The average daily value traded was £5.1 billion, an increase of 15 per cent year on year.

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

The February 2010 value traded figures use a € per £ exchange rate of 1.14. The exchange rate used for February 2009 was 1.12.

January 2010 derivative data has been restated. The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM in January 2010 was down 25 per cent on January 2009, at 267,742, while the average notional value traded was £2.7 billion (€3.1 billion), down 32 per cent.

 

BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK   TRADING

   

February 2010

 

February 2009

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK equities

 

11,334,354

88,786

101,349

 

12,459,609

80,576

90,850

Italian equities

 

4,924,542

46,643

53,242

 

4,248,279

31,700

35,742

International equities

 

1,055,222

13,408

15,305

 

783,976

6,740

7,600

ETFs & ETCs

 

312,179

8,559

9,770

 

194,857

6,193

6,983

Securitised Derivatives

 

133,467

975

1,113

 

155,526

662

746

Derivatives (EDX & IDEM)

 

6,050,790

58,753

67,066

 

7,979,227

66,836

75,358

Retail Bonds

 

304,767

17,740

20,250

 

339,107

18,002

20,297

MTS Cash

 

36,229

187,438

213,960

 

26,952

113,200

127,634

MTS Repo

 

42,961

3,633,765

4,147,932

 

44,154

2,164,155

2,440,107

   

Average daily

UK equities

 

566,718

4,439

5,067

 

622,980

4,029

4,542

Italian equities

 

246,227

2,332

2,662

 

212,414

1,585

1,787

International equities

 

52,761

670

765

 

39,199

337

380

ETFs & ETCs

 

15,609

428

489

 

9,743

310

349

Securitised Derivatives

 

6,673

49

56

 

7,776

33

37

Derivatives (EDX & IDEM)

 

302,540

2,938

3,353

 

398,961

3,342

3,768

Retail Bonds

 

15,238

887

1,012

 

16,955

900

1,015

MTS Cash

 

1,811

9,372

10,698

 

1,348

5,660

6,382

MTS Repo

 

2,148

181,688

207,397

 

2,208

108,208

122,005

         
   

January to February 2010

 

January to February 2009

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK equities

 

22,413,921

172,710

196,388

 

25,742,458

171,361

189,724

Italian equities

 

9,470,926

91,047

103,528

 

8,700,010

64,884

71,883

International equities

 

2,067,101

26,981

30,676

 

1,563,192

13,334

14,781

ETFs & ETCs

 

647,647

16,939

19,259

 

385,306

12,073

13,386

Securitised Derivatives

 

248,348

1,843

2,096

 

322,942

1,479

1,636

Derivatives (EDX & IDEM)

 

11,405,626

113,983

129,612

 

14,589,334

152,374

168,517

Retail Bonds

 

579,190

32,680

37,169

 

708,724

37,272

41,284

MTS Cash

 

73,610

398,033

452,446

 

53,125

226,620

251,160

MTS Repo

 

86,523

7,418,751

8,434,197

 

93,952

4,548,044

5,036,390

   

Average daily

UK equities

 

560,348

4,318

4,910

 

627,865

4,180

4,627

Italian equities

 

236,773

2,276

2,588

 

212,195

1,583

1,753

International equities

 

51,678

675

767

 

38,127

325

361

ETFs & ETCs

 

16,191

423

481

 

9,398

294

326

Securitised Derivatives

 

6,209

46

52

 

7,877

36

40

Derivatives (EDX & IDEM)

 

285,141

2,850

3,240

 

355,837

3,716

4,110

Retail Bonds

 

14,480

817

929

 

17,286

909

1,007

MTS Cash

 

1,840

9,951

11,311

 

1,296

5,527

6,126

MTS Repo

 

2,163

185,469

210,855

 

2,292

110,928

122,839

         

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.