January average daily traded up 14 per cent

  • Trading growth in Italian equities, fixed income and ETFs and ETCs

The average daily value traded across London Stock Exchange Group’s equity markets during January increased 14 per cent year on year to £7.1 billion (€8.0 billion). The average daily number of trades was 831,892, six per cent lower than January 2009.

Increased trading activity in the Italian equity market and higher FTSE MIB index levels led to 46 per cent year on year growth in the average daily value traded on the Italian equity order book, while the average daily number of trades was up seven per cent.

A number of the Group’s other markets recorded good performances during the month, with trading in MTS and in ETFs and ETCs showing strong growth. On the MTS Cash markets the average daily value traded more than doubled, reaching €11.9 billion (£10.5 billion), a 103 per cent increase on January 2009. The average daily number of trades and the average daily value traded in ETCs and ETFs across the Group grew 85 per cent and 50 per cent respectively.

UK Cash Equities

During January, the total value traded on the UK order book was £83.9 billion (€95 billion) and the total number of trades was 11.1 million.

The average daily value traded on the UK equity order book was £4.2 billion (€4.8 billion), a decrease of three per cent year on year, while the average daily number of trades was down 12 per cent at 553,978.

Italian Cash Equities

On the Italian equity order book, the total number of trades was 4.5 million and the total value traded was €50.3 billion (£44.4 billion).

The average daily number of trades in Italian equities was 227,319, up seven per cent on the same month last year. The average daily value traded during the month also grew, reaching €2.5 billion (£2.2 billion), a 46 per cent increase on last year.

International Cash Equities

The average daily value traded in international stocks on the Group’s equity order books was up 116 per cent year on year, totalling £679 million (€769 million), while the average daily number of trades was 50,594, up 36 per cent on last January.

ETFs and ETCs

Trading in ETFs and ETCs during the month was strong, with the average daily number of trades up 85 per cent year on year, totalling 16,773. The average daily value traded was up by 50 per cent to £419 million (€474 million). January was the 2nd highest month of all time for both trades and turnover.

Derivatives

The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was down 25 per cent on January 2009, at 267,742. The average daily value traded on IDEM was up 41 per cent at €2.9 billion (£2.5billion), while the daily number of contracts traded was down seven per cent at 117,798. On EDX, the end of the linked exchange agreement with Nasdaq OMX and the consequent stoppage of trading in linked Swedish index products have significantly affected daily notional value traded and number of contracts traded.

Fixed income

Trading on the MTS Cash markets remained strong, with the average daily value traded during the month up by 103 per cent year on year at €11.9 billion (£10.5 billion), while on the MTS Repo market, the average term adjusted daily value traded increased by 73 per cent year on year to €214.3 billion (£189.2 billion).

The average daily value traded during January on MOT, Borsa Italiana’s retail fixed income market, was €846 million (£747 million), a year on year decrease of 15 per cent. The average daily number of trades was 22 per cent lower than the same month last year at 13,721.

–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 January 2010, one less than during January 2009.

During January, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 591,551 down 10 per cent on January 2009. The average daily value traded was £4.8 billion, an increase of 4 per cent year on year.

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

The January 2010 value traded figures use a € per £ exchange rate of 1.13. The exchange rate used for January 2009 was 1.11.

 

BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK   TRADING

   

January 2010

 

January 2009

   

Totals

   

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK equities

 

11,079,567

83,925

95,039

 

13,282,849

90,786

98,874

Italian equities

 

4,546,384

44,405

50,286

 

4,451,731

33,184

36,141

International equities

 

1,011,879

13,573

15,370

 

779,216

6,594

7,181

ETFs & ETCs

 

335,468

8,379

9,489

 

190,449

5,879

6,403

Securitised Derivatives

 

114,881

868

983

 

167,416

818

890

Derivatives (EDX & IDEM)

 

5,354,836

55,230

62,546

 

7,537,207

85,538

93,159

MOT

 

274,423

14,940

16,919

 

369,617

19,270

20,987

MTS Cash

 

37,381

210,595

238,486

 

26,173

113,421

123,526

MTS Repo

 

43,562

3,784,986

4,286,265

 

49,798

2,383,889

2,596,283

   

Average daily

UK equities

 

553,978

4,196

4,752

 

632,517

4,323

4,708

Italian equities

 

227,319

2,220

2,514

 

211,987

1,580

1,721

International equities

 

50,594

679

769

 

37,106

314

342

ETFs & ETCs

 

16,773

419

474

 

9,069

280

305

Securitised Derivatives

 

5,744

43

49

 

7,972

39

42

Derivatives (EDX & IDEM)

 

267,742

2,762

3.127

 

358,915

4,073

4,436

MOT

 

13,721

747

846

 

17,601

918

999

MTS Cash

 

1,869

10,530

11,924

 

1,246

5,401

5,882

MTS Repo

 

2,178

189,249

214,313

 

2,371

113,519

123,633

         
         

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.