Monthly Market Report - February 2012

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 30.8 million trades were carried out across the Group’s electronic equity order books with a combined value of £171.0 billion (€204.3 billion), down 11 per cent on February 2011 (£191.3 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.4 billion (€5.3 billion), down 12 per cent on February 2011 but up 10 per cent on January 2012. The average daily number of trades increased eight per cent to 685,167 compared with February 2011.

The LSE’s share of trading in the total UK order book for February was 62.7 per cent.

Italian Equities Order Book

On the Italian order book, the average daily number of trades was 300,417, down two per cent on the same month last year, although up 12 per cent on January 2012. The average daily value traded on the order book decreased 28 per cent year on year to €2.7 billion (£2.2 billion) and increased 11 per cent on January 2012.

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in February 2012 was €1.7 billion (£1.4 billion) up 16 per cent on the same month last year. The average daily number of trades was up 55 per cent at 458,429.

On the Turquoise dark mid-point book, the average daily value traded was €121 million (£101 million), down 56 per cent on February 2011. There was an average daily total of 21,944 trades, a decrease of 37 per cent year on year.

Turquoise share of pan-European trading for February was 5.1 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 6,515,104, down three per cent compared with February 2011.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in February was down 14 per cent year on year to £9.0 billion (€10.7 billion). The total number of trades was down 19 per cent at 341,991.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 15 per cent year on year at €10.9 billion (£9.1 billion) and up 32 per cent on January 2012. On the MTS Repo market, the average term adjusted daily value was down nine per cent year on year at €234.5 billion (£196.3 billion), up 13 per cent on January 2012.

The average daily value traded on the Group’s retail bond markets was €1.6 billion (£1.3 billion), up 92 per cent on the same month last year. The average daily number of trades was up 83 per cent at 30,091.

– ends –

For further information, please contact:

Lauren Crawley-Moore +44 (0)20 7797 1222
Anna Mascioni (Borsa Italiana) +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 21 trading days on the London Stock Exchange in February 2012 compared with 20 in February 2011, and 21 trading days on Borsa Italiana in February 2012, compared with 20 in February 2011.

The February 2012 value traded figures use a € per £ exchange rate of 1.19. The exchange rate used for February 2011 was 1.18.

About London Stock Exchange Group:

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 UK and Russian derivatives trading, 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 access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,850 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-12

 

February-11

 

 

                   

 

   

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

   

£m

€m

   

£m

€m

 

 

                   

 

UK   order book

 

14,388,511

93,075

111,206

 

12,703,742

100,442

118,675

 

 

Italian   order book

 

6,308,754

46,708

55,806

 

6,124,384

62,142

73,423

 

 

Derivatives

 

6,515,104

37,384

44,667

 

6,709,902

60,435

71,407

 

 

Retail   Bonds

 

631,917

27,426

32,768

 

329,457

13,752

16,249

 

 

MTS   Cash

 

40,001

191,507

228,813

 

48,937

217,373

256,834

 

 

MTS   Repo

 

66,074

4,122,454

4,925,511

 

58,451

4,370,527

5,163,943

 

 

Turquoise   Integrated

 

9,627,013

29,084

34,750

 

5,915,738

24,120

28,499

 

 

Turquoise   MidPoint

 

460,820

2,125

2,539

 

696,338

4,631

5,472

 

 

                   

 

Average Daily

                 

 

                   

 

UK   order book

 

685,167

4,432

5,296

 

635,187

5,022

5,934

 

 

Italian   order book

 

300,417

2,224

2,657

 

306,219

3,107

3,671

 

 

Derivatives

 

310,243

1,820

2,126

 

335,495

3,022

3,570

 

 

Retail   Bonds

 

30,091

1,306

1,560

 

16,473

688

812

 

 

MTS   Cash

 

1,905

9,119

10,896

 

2,447

10,869

12,842

 

 

MTS   Repo

 

3,146

196,307

234,548

 

2,923

218,526

258,197

 

 

Turquoise   Integrated

 

458,429

1,385

1,655

 

295,787

1,206

1,425

 

 

Turquoise   MidPoint

 

21,944

101

121

 

34,817

232

274

 

 

                   

 

                   

 

   

2012 Year to date

 

2011 Year to Date

 

 

                   

 

   

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

   

£m

€m

   

£m

€m

 

 

                   

 

UK   order book

 

28,264,084

177,452

212,608

 

25,253,662

198,550

234,490

 

 

Italian   order book

 

12,202,584

90,463

108,391

 

13,288,376

129,564

153,012

 

 

Derivatives

 

13,296,775

74,386

89,134

 

12,072,320

120,677

142,520

 

 

Retail   Bonds

 

1,145,490

48,813

58,471

 

677,034

28,223

33,332

 

 

MTS   Cash

 

74,754

343,076

410,965

 

96,707

455,744

538,225

 

 

MTS   Repo

 

127,753

7,939,350

9,512,566

 

116,521

9,707,132

11,463,669

 

 

Turquoise   Integrated

 

19,533,291

58,023

69,527

 

11,215,942

45,990

54,316

 

 

Turquoise   MidPoint

 

926,848

4,409

5,284

 

1,324,128

8,864

10,468

 

 

                   

 

Average Daily

                 

 

                   

 

UK   order book

 

672,954

4,225

5,062

 

631,342

4,964

5,862

 

 

Italian   order book

 

283,781

2,104

2,521

 

324,107

3,160

3,732

 

 

Derivatives

 

313,315

1,734

2,078

 

294,447

2,943

3,476

 

 

Retail   Bonds

 

26,639

1,135

1,360

 

16,513

688

813

 

 

MTS   Cash

 

1,738

7,979

9,557

 

2,359

11,116

13,127

 

 

MTS   Repo

 

2,971

184,636

221,222

 

2,842

236,759

279,602

 

 

Turquoise   Integrated

 

454,263

1,349

1,617

 

273,560

1,122

1,325

 

 

Turquoise   MidPoint

 

21,555

103

123

 

32,296

216

255

 

 

                   

 

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.