Monthly market report - January 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 January a total of 25.6 million trades were carried out across the Group’s electronic equity order books with a combined value of £191.6 billion (€226 billion), up 21 per cent on January 2010.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.9 billion (€5.8 billion), unchanged year on year; the average daily number of trades increased by six per cent to 627,496.

The LSE’s share of trading in the total UK order book for January was 64.1 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 341,142, up 31 per cent on the same month last year, whilst the average daily value traded on the order book increased 26 per cent year on year to €3.8 billion (£3.2 billion).

Borsa Italiana’s share of trading in the total Italian order book for January was 83.5 per cent.

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in January was €1.3 billion (£1.1 billion) up 30 per cent on the same month last year. The average daily number of trades was up 33 per cent at 265,010.

On the dark mid-point book, Turquoise traded an average daily value of €250 million (£212 million), up 252 per cent on January 2010.  There were a total of 627,790 trades, an increase of 268 per cent year on year.

Turquoise share of lit trading in the total UK order book for January was 4.5 per cent. For dark trading its total share was 20.5 percent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 5,362,418, unchanged when compared with January 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in January was up 30 per cent year on year to £10.9 billion (€12.8 billion). The total number of trades was also up 32 per cent reaching 443,316.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 12 per cent year on year at €13.4 billion (£11.4 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 40 per cent year on year to €300 billion (£254.1 billion).

The average daily value traded on the Group’s retail bond markets was €813 million (£689 million), down five per cent on the same month last year. The average daily number of trades was up 20 percent at 16,551.

–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 the London Stock Exchange, the same as January last year and 21 on Borsa Italiana, one more than January 2010.

The January 2011 value traded figures use a € per £ exchange rate of 1.18.  The exchange rate used for January 2010 was 1.13.

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

 

 

January 2011

 

January 2010

 

 

Totals

 

 

Trades

Value Traded £m

Value Traded €m

 

Trades

Value Traded £m

Value Traded €m

UK order book

 

12,549,920

98,109

115,815

 

11,858,670

98,032

111,016

Italian order book

 

7,163,992

67,421

79,589

 

5,229,509

53,117

60,152

International Equities

 

1,665,889

19,364

22,859

 

1,011,879

13,573

15,370

ETFs & ETCs

 

443,316

10,883

12,848

 

335,468

8,379

9,489

Securitised Derivatives

 

138,174

1,153

1,361

 

114,881

868

983

Derivatives (EDX &   IDEM)

 

5,362,418

60,241

71,113

 

5,354,836

55,230

62,546

Retail Bonds

 

347,577

14,471

17,083

 

276,750

15,039

17,031

MTS Cash

 

47,770

238,371

281,391

 

37,381

210,595

238,486

MTS Repo

 

58,070

5,336,606

6,299,726

 

43,562

3,784,986

4,286,265

Turquoise Integrated

 

5,300,204

21,870

25,817

 

3,993,864

17,545

19,869

Turquoise MidPoint

 

627,790

4,232

4,996

 

170,593

1,255

1,421

 

 

Average daily

UK order book

 

627,496

4,905

5,791

 

592,934

4,902

5,551

Italian order book

 

341,142

3,211

3,790

 

261,475

2,656

3,008

International Equities

 

82,427

962

1,135

 

50,594

679

769

ETFs & ETCs

 

21,315

529

624

 

16,773

419

474

Securitised Derivatives

 

6,581

55

65

 

5,744

43

49

Derivatives (EDX &   IDEM)

 

255,354

2,869

3,386

 

267,742

2,762

3,127

Retail Bonds

 

16,551

689

813

 

13,838

752

852

MTS Cash

 

2,275

11,351

13,400

 

1,869

10,530

11,924

MTS Repo

 

2,765

254,124

299,987

 

2,178

189,249

214,313

Turquoise Integrated

 

265,010

1,094

1,291

 

199,693

877

993

Turquoise MidPoint

 

31,390

212

250

 

8,530

63

71

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.