Monthly Market Report - June 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 June a total of 29.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £201.8 billion (€227.4 billion), down three per cent on June 2010 (£207.1 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.7 billion (€5.3 billion), down seven per cent year on year; the average daily number of trades was up four per cent to 663,587.

The LSE’s share of trading in the total UK order book for June was 65.3 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 263,972, down six per cent on the same month last year, whilst the average daily value traded on the order book decreased 17 per cent year on year to €3.2 billion (£2.9 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in June was €1.6 billion (£1.4 billion) up 38 per cent on the same month last year. The average daily number of trades was up 53 per cent at 365,604.

On the dark mid-point book, Turquoise traded an average daily value of €201 million (£178 million), up one per cent on June 2010.  There were an average daily total of 28,118 trades, a decrease of 14 per cent year on year.

Turquoise share of Pan European trading for June was 5.0 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 8.8 million down eight per cent compared with June 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in June was up eight per cent year on year to £10.3 billion (€11.6 billion). The total number of trades was down nine per cent at 327,906.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 17 per cent year on year at €11.2 billion (£10.0 billion). On the MTS Repo market, the average term adjusted daily value is stable year on year at €257.8 billion (£228.8 billion).

The average daily value traded on the Group’s retail bond markets was €716 million (£636 million), down 23 per cent on the same month last year. The average daily number of trades was down five percent at 14,814.

–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 22 trading days on the London Stock Exchange, Turquoise and Borsa Italiana in June 2010 and June 2011.

The June 2011 value traded figures use a € per £ exchange rate of 1.13.  The exchange rate used for June 2010 was 1.21.

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 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

BORSA ITALIANA – LONDON STOCK EXCHANGE  ELECTRONIC ORDER   BOOK TRADING

   

 

 

 

 

 

 

 

 

 

 

 

 

 

June-11

 

June-10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

14,598,910

103,437

116,555

 

14,097,415

111,524

134,739

 

 

Italian order book

 

5,807,380

63,398

71,438

 

6,158,333

70,964

85,735

 

 

Derivatives

 

8,815,120

97,443

109,801

 

9,588,491

83,089

100,385

 

 

Retail Bonds

 

325,911

13,984

15,758

 

343,681

16,866

20,377

 

 

MTS Cash

 

44,726

219,367

247,188

 

36,983

175,190

211,658

 

 

MTS Repo

 

64,527

5,032,584

5,670,851

 

53,418

4,677,215

5,650,811

 

 

Turquoise Integrated

 

8,043,286

31,056

34,995

 

5,256,113

21,047

25,428

 

 

Turquoise MidPoint

 

618,592

3,916

4,413

 

719,558

3,610

4,362

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

663,587

4,702

5,298

 

640,792

5,069

6,124

 

 

Italian order book

 

263,972

2,882

3,247

 

279,924

3,226

3,897

 

 

Derivatives

 

393,313

4,421

4,982

 

435,841

3,777

4,563

 

 

Retail Bonds

 

14,814

636

716

 

15,622

767

926

 

 

MTS Cash

 

2,033

9,971

11,236

 

1,681

7,963

9,621

 

 

MTS Repo

 

2,933

228,754

257,766

 

2,428

212,601

256,855

 

 

Turquoise Integrated

 

365,604

1,412

1,591

 

238,914

957

1,156

 

 

Turquoise MidPoint

 

28,118

178

201

 

32,707

164

198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January to June 2011

 

January to June 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

79,630,070

609,123

702,187

 

77,131,650

655,430

754,628

 

 

Italian order book

 

37,436,046

396,308

456,872

 

36,311,876

405,195

467,497

 

 

Derivatives

 

46,777,136

435,697

501,227

 

45,544,105

437,006

504,120

 

 

Retail Bonds

 

1,924,310

82,530

95,156

 

1,956,081

106,144

122,054

 

 

MTS Cash

 

280,211

1,339,472

1,544,539

 

223,050

1,143,372

1,311,715

 

 

MTS Repo

 

368,409

29,503,434

34,009,000

 

285,855

25,259,863

29,065,551

 

 

Turquoise Integrated

 

39,620,148

158,375

182,280

 

26,646,835

116,927

134,749

 

 

Turquoise MidPoint

 

4,060,515

26,290

30,321

 

2,345,708

13,110

15,220

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

647,399

4,952

5,709

 

622,029

5,286

6,086

 

 

Italian order book

 

294,772

3,121

3,597

 

288,189

3,216

3,710

 

 

Derivatives

 

1,098,812

4,469

5,145

 

1,111,180

4,492

5,179

 

 

Retail Bonds

 

15,152

650

749

 

15,524

842

969

 

 

MTS Cash

 

2,206

10,547

12,162

 

1,770

9,074

10,410

 

 

MTS Repo

 

2,901

232,311

267,787

 

2,269

200,475

230,679

 

 

Turquoise Integrated

 

1,876,584

7,507

8,643

 

1,269,239

5,575

6,424

 

 

Turquoise MidPoint

 

193,376

1,255

1,448

 

110,515

620

720

 

 

 

 

 

 

 

 

 

 

 

 

 

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.