London Stock Exchange Group launches post trade market data service

  • Real time, post-trade data module

London Stock Exchange Group today announced the launch of a new post-trade market data service to professional users, offering real-time post-trade market data from both the London Stock Exchange and Borsa Italiana cash markets.

The new, flexible market data offering, which combines order book trade prints and reported ‘off book’ content, has been designed to develop the availability of high-quality post trade market data in the multi-venue MiFID environment. The choice and flexibility presented by a discrete post-trade data service, at a lower price, should help to foster innovation by commercial aggregators who are already responding to market requirements for consolidated view products.

Commenting on the launch, Jarod Hillman, Head of Real Time Data at London Stock Exchange Group, said:

“This month has seen exchanges across Europe announce their commitment to meet the evolving data requirements of the industry. While we welcome statements by groups such as FESE, which has affirmed its members’ intentions to address and deliver post-trade data services towards the end of this year, we feel now is the right time for the London

Stock Exchange Group to respond with product-led initiatives, allowing our customers to obtain discrete post-trade data content from the Group’s premier price formation venues, covering 40% of the most liquid European blue chips in the Eurotop 100 index.”

Xavier Rolet, Chief Executive Officer, London Stock Exchange Group, said:

“We strongly believe the market should be working towards industry-wide arrangements to provide greater transparency by harmonising standards, with the aim of improving data quality and comparability. It is also critical, in a dynamic and rapidly evolving environment such as the European post MiFID marketplace, that exchanges respond effectively to developing market needs - by offering our real-time post-trade data for purchase separately from pre-trade data we are doing just that.”

From October 1, professional terminal subscribers will be able to obtain separated real time London Stock Exchange post-trade content for £15 per month with Borsa Italiana available at €4.

The Exchange today further underlined its commitment to more cost effective availability of real time data by also announcing that it is to introduce a new volume discount pricing scheme for licensed distributors of Level 1 content to retail investors, whereby content may be available for as little as 20p per month.

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For further information, please contact:

Alastair Fairbrother Press Office +44 (0)20 7797 1222

newsroom@londonstockexchange.com

Notes to editors:

The London Stock Exchange Group has submitted a Markets Position Paper to the European Commission, setting out its views on the key areas we believe the MiFID Review should address, including post-trade data. To read the submission click here

The London Stock Exchange Group has also provided a full response to CESR’s consultation on equity markets, particularly highlighting the need for the quality of post-trade data to be improved. To read the response click here

About London Stock Exchange Group:

London Stock Exchange Group is Europe's leading diversified exchange business, incorporating Borsa Italiana and the London Stock Exchange. With over 500 member firms and more than 3,000 companies quoted across its markets, the Group operates the largest and most liquid equity marketplace in Europe.

The London Stock Exchange itself is the world's most international exchange with more than 600 overseas companies from over 70 countries. These figures include international companies quoted on the Alternative Investment Market (AIM), the London Stock Exchange's growth market, and the world's most successful market for small and medium sized enterprises with over 1,200 companies.

The Group offers trading in a wide range of instruments, holding the number one position in the trading of exchange-traded products (ETFs and ETCs) and through its interest in MTS, is Europe’s leading platform for the trading of fixed income products. Through the Order Book for Retail Bonds and Mercato Telematico delle Obbligazioni (MOT) the Group also offers a comprehensive range of UK and European corporate and government bond trading services. Its Italian Derivatives Exchange Market (IDEM) sees over €2.5 billion worth of trading every day and through EDX London the Group provides a facility for the trading of Scandinavian and Russian equity derivatives.

London Stock Exchange Group also offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis. These include services from Monte Titoli, the Central Securities Depository for all Italian financial instruments, and Cassa di Compensazione & Garanzia (CC&G), which in July 2009 was granted Recognised Overseas Clearing House (ROCH) status by the FSA to operate in the UK.

With the acquisition of MillenniumIT, the Group encompasses a leading developer of low cost high performance trading platforms and financial markets software serving both the industry and the Group's own businesses.

Since February 2010 London Stock Exchange Group has owned a majority stake in Turquoise, a Multilateral Trading Facility (MTF) providing pan-European and US lit and dark equity trading in some 2,000 securities across 19 countries.