Monthly market report – February 2011

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community, offering international business unrivalled access to Europe’s capital markets. In February a total of 25.4 million trades were carried out across the Group’s electronic equity order books with a combined value of £191.3 billion (€226.1 billion), up eight per cent on February 2010 (£177.8 billion).

UK Equities Order Book

During the month, the average daily number of trades increased five per cent year on year to 635,187; the average daily value traded on the UK order book was £5.0 billion (€5.9 billion), down two per cent.

The LSE’s share of total UK order book trading for February was 65.2 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 306,219, up eight per cent on the same month last year; the average daily value traded on the order book increased 15 per cent year on year to €3.7 billion (£3.1 billion).

Borsa Italiana’s share of total Italian order book trading for February was 83.3 per cent.

Turquoise Cash Equities

It was a record month for average daily value traded on the Turquoise integrated book in February, with €1.4 billion (£1.2 billion) of trading, up 37 per cent on the same month last year. The average daily number of trades was up 40 per cent at 295,937.

On the dark mid-point book, Turquoise traded an average daily value of €273.6 million (£231.6 million), up 329 per cent on February 2010.  There were a total of 696,338 trades, an increase of 330 per cent year on year.

Turquoise’s total share of European order book trading for February was 4.1 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 6,709,901, an 11 per cent increase compared with February 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in February was up 22 per cent year on year to £10.4 billion (€12.3 billion). The total number of trades was up 34 per cent on the same period, reaching 419,614.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 20 per cent year on year at €12.8 billion (£10.9 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 25 per cent year on year to €258.2 billion (£218.5 billion).

The average daily number of trades on the Group’s retail bond markets was up seven per cent at 16,473; the average daily value traded was €812.4 million (£687.6 million), down 21 per cent on the same month last year.

– ends –

 

For further information, please contact:

Lauren Crawley-Moore                                  +44 (0)20 7797 1222

Anna Mascioni                                               +39 027 2426 212  
                                                                      newsroom@londonstockexchange.com

 

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.

Figures for the UK and Italian order books include cash equity trades in domestic and international equities, Exchange traded products and Securitised Derivatives.

There were 20 trading days on both the London Stock Exchange and Borsa Italiana in February 2011, the same as February 2010.

The February 2011 value traded figures use a € per £ exchange rate of 1.18.  The exchange rate used for February 2010 was 1.14.

About London Stock Exchange:

London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

 

BORSA ITALIANA – LONDON STOCK EXCHANGE  ELECTRONIC ORDER   BOOK TRADING

 

 

February 2011

 

February 2010

 

 

Totals

 

 

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK order book

 

12,703,742

100,442

118,675

 

12,094,458

102,396

116,885

Italian order book

 

6,124,384

62,142

73,423

 

5,665,306

55,975

63,895

International Equities

 

1,854,872

21,601

25,523

 

1,055,222

13,408

15,305

ETFs & Other ETPs

 

419,614

10,412

12,302

 

312,179

8,559

9,770

Securitised Derivatives

 

126,332

1,044

1,234

 

133,467

975

1,113

Derivatives (EDX &   IDEM)

 

6,709,901

60,435

71,407

 

6,050,790

58,753

67,066

Retail Bonds

 

329,457

13,752

16,249

 

308,509

17,900

20,433

MTS Cash

 

48,937

217,373

256,834

 

36,229

187,438

213,960

MTS Repo

 

58,451

4,370,527

5,163,943

 

42,961

3,633,765

4,147,932

Turquoise Integrated

 

5,918,738

24,120

28,499

 

4,238,161

18,286

20,874

Turquoise MidPoint

 

696,338

4,631

5,472

 

161,963

1,117

1,275

 

 

Average daily

UK order book

 

635,187

5,022

5,934

 

604,723

5,120

5,844

Italian order book

 

306,219

3,107

3,671

 

283,265

2,799

3,195

International Equities

 

92,744

1,080

1,276

 

52,761

670

765

ETFs & Other ETPs

 

20,981

521

615

 

15,609

428

489

Securitised Derivatives

 

6,317

52

62

 

6,673

49

56

Derivatives (EDX &   IDEM)

 

335,495

3,022

3,570

 

302,540

2,938

3,353

Retail Bonds

 

16,473

688

812

 

15,425

895

1,022

MTS Cash

 

2,447

10,869

12,842

 

1,811

9,372

10,698

MTS Repo

 

2,923

218,526

258,197

 

2,148

181,688

207,397

Turquoise Integrated

 

295,937

1,206

1,425

 

211,908

914

1,044

Turquoise MidPoint

 

34,817

232

274

 

8,098

56

64

 

 

January to February 2011

 

January to February 2010

 

 

Totals

 

 

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK order book

 

25,253,662

198,550

234,490

 

23,953,128

200,428

227,900

Italian order book

 

13,288,376

129,564

153,012

 

10,894,815

109,092

124,047

International Equities

 

3,520,761

40,966

48,382

 

2,067,101

26,981

30,676

ETFs & Other ETPs

 

862,930

21,295

25,150

 

647,647

16,939

19,259

Securitised Derivatives

 

264,506

2,197

2,595

 

248,348

1,843

2,096

Derivatives (EDX &   IDEM)

 

12,072,319

120,677

142,520

 

11,405,626

113,983

129,612

Retail Bonds

 

677,034

28,223

33,332

 

966,646

32,939

37,464

MTS Cash

 

96,707

455,744

538,225

 

73,610

398,033

452,446

MTS Repo

 

116,521

9,707,132

11,463,669

 

86,523

7,418,751

8,434,197

Turquoise Integrated

 

11,218,942

45,990

54,316

 

8,232,025

35,832

40,743

Turquoise MidPoint

 

1,324,128

8,864

10,468

 

332,556

2,372

2,696

 

 

Average daily

UK order book

 

631,342

4,964

5,862

 

598,828

5,011

5,698

Italian order book

 

324,107

3,160

3,732

 

272,370

2,727

3,101

International Equities

 

87,600

1,021

1,206

 

51,678

675

767

ETFs & Other ETPs

 

21,155

525

620

 

16,191

423

481

Securitised Derivatives

 

6,452

54

63

 

6,209

46

52

Derivatives (EDX &   IDEM)

 

294,447

2,943

3,476

 

285,141

2,850

3,240

Retail Bonds

 

16,513

688

813

 

24,166

823

937

MTS Cash

 

2,359

11,116

13,127

 

1,840

9,951

11,311

MTS Repo

 

2,842

236,759

279,602

 

2,163

185,469

210,855

Turquoise Integrated

 

560,947

2,300

2,716

 

411,601

1,792

2,037

Turquoise MidPoint

 

66,206

443

523

 

16,628

119

135

Figures for the UK and   Italian order books include cash equity trades in domestic and international   equities, Exchange traded products and Securitised Derivatives. 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.