Monthly Market Report - January 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 January a total of 30.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £159.4 billion (€191.5 billion), down 17 per cent on January 2011 (£191.6 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.0 billion (€4.8 billion), down 18 per cent on January 2011, in line with average European total value traded year on year. The average daily number of trades increased five per cent to 660,742.

The LSE’s share of trading in the total UK order book for January was 60.0 per cent.

Italian Equities Order Book

On the Italian order book, the average daily number of trades was 267,901, down 22 per cent on the same month last year, whilst the average daily value traded on the order book decreased 37 per cent year on year to €2.4 billion (£2.0 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in January was €1.6 billion (£1.3 billion) up 29 per cent on the same month last year. The average daily number of trades was up 78 per cent at 450,285.

On the Turquoise dark mid-point book, the average daily value traded was €125 million (£104 million), down 48 per cent on January 2011. There was an average daily total of 21,183 trades, a decrease of 29 per cent year on year.

Turquoise share of pan-European trading for January was 5.2 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 6,781,671, up 26 per cent compared with January 2011.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in January was down 18 per cent year on year to £8.9 billion (€10.8 billion). The total number of trades was also down 22 per cent at 345,909.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 38 per cent year on year at €8.3 billion (£6.9 billion). On the MTS Repo market, the average term adjusted daily value was down 30 per cent year on year at €208.5 billion (£173.5 billion).

The average daily value traded on the Group’s retail bond markets was €1.2 billion (£972 million), up 44 per cent on the same month last year. The average daily number of trades was up 41 per cent at 23,345.

– 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 January 2012 compared with 20 in January 2011, and 22 trading days on Borsa Italiana in January 2012, compared with 21 in January 2011

The January 2012 value traded figures use a € per £ exchange rate of 1.20. The exchange rate used for January 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

 
                   
   

January-12

 

January-11

 
                   
   

Trades

Value Traded

 

Trades

Value Traded

 

Totals

   

£m

€m

   

£m

€m

 
                   

UK   order book

 

13,875,573

84,377

101,403

 

12,549,920

98,109

115,815

 

Italian   order book

 

5,893,830

43,755

52,584

 

7,163,992

67,421

79,589

 

Derivatives

 

6,781,671

37,001

44,467

 

5,362,418

60,241

71,113

 

Retail   Bonds

 

513,573

21,387

25,702

 

347,577

14,471

17,083

 

MTS   Cash

 

34,753

151,569

182,152

 

47,770

238,371

281,391

 

MTS   Repo

 

61,679

3,816,897

4,587,055

 

58,070

5,336,606

6,299,726

 

Turquoise   Integrated

 

9,906,278

28,939

34,778

 

5,300,204

21,870

25,817

 

Turquoise   MidPoint

 

466,028

2,284

2,745

 

627,790

4,232

4,996

 
                   

Average Daily

                 
                   

UK   order book

 

660,742

4,018

4,829

 

627,496

4,905

5,791

 

Italian   order book

 

267,901

1,989

2,390

 

341,142

3,211

3,790

 

Derivatives

 

316,552

1,690

2,031

 

255,354

2,869

3,386

 

Retail   Bonds

 

23,345

972

1,168

 

16,551

689

813

 

MTS   Cash

 

1,580

6,890

8,280

 

2,275

11,351

13,400

 

MTS   Repo

 

2,804

173,495

208,502

 

2,765

254,124

299,987

 

Turquoise   Integrated

 

450,285

1,315

1,581

 

252,391

1,041

1,229

 

Turquoise   MidPoint

 

21,183

104

125

 

29,895

202

238

 
                   
                   
   

2012 Year to date

 

2011 Year to Date

 
                   
   

Trades

Value Traded

 

Trades

Value Traded

 

Totals

   

£m

€m

   

£m

€m

 
                   

UK   order book

 

13,875,573

84,377

101,403

 

12,549,920

98,109

115,815

 

Italian   order book

 

5,893,830

43,755

52,584

 

7,163,992

67,421

79,589

 

Derivatives

 

6,781,671

37,001

44,467

 

5,362,418

60,241

71,113

 

Retail   Bonds

 

513,573

21,387

25,702

 

347,577

14,471

17,083

 

MTS   Cash

 

34,753

151,569

182,152

 

47,770

238,371

281,391

 

MTS   Repo

 

61,679

3,816,897

4,587,055

 

58,070

5,336,606

6,299,726

 

Turquoise   Integrated

 

9,906,278

28,939

34,778

 

5,300,204

21,870

25,817

 

Turquoise   MidPoint

 

466,028

2,284

2,745

 

627,790

4,232

4,996

 
                   

Average Daily

                 
                   

UK   order book

 

660,742

4,018

4,829

 

627,496

4,905

5,791

 

Italian   order book

 

267,901

1,989

2,390

 

341,142

3,211

3,790

 

Derivatives

 

316,552

1,690

2,031

 

255,353

2,869

3,386

 

Retail   Bonds

 

23,345

972

1,168

 

16,551

689

813

 

MTS   Cash

 

1,580

6,890

8,280

 

2,275

11,351

13,400

 

MTS   Repo

 

2,804

173,495

208,502

 

2,765

254,124

299,987

 

Turquoise   Integrated

 

450,285

1,315

1,581

 

252,391

1,041

1,229

 

Turquoise   MidPoint

 

21,183

104

125

 

29,895

202

238

 
                   

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.