Monthly Market Report - March 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 March a total of 33.7 million trades were carried out across the Group’s electronic equity order books with a combined value of £184.1 billion (€220.7 billion), down 21 per cent on March 2011 (£233.9 billion), up eight per cent on February 2012.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.7 billion (€5.6 billion), down 10 per cent on March 2011 and up 6 per cent on February 2012. The average daily number of trades increased 13 per cent to 753,502 compared with March 2011.

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

Italian Equities Order Book

On the Italian order book, the average daily number of trades was 290,957, down 10 per cent on the same month last year and down 3 per cent on February 2012. The average daily value traded on the order book decreased 31 per cent year on year to €2.7 billion (£2.2 billion) in line with February 2012.

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in March 2012 was €1.6 billion (£1.3 billion) up one per cent on the same month last year. The average daily number of trades was up 35 per cent at 466,815.

On the Turquoise dark mid-point book, the average daily value traded was €99 million (£83 million), down 62 per cent on March 2011. There was an average daily total of 19,896 trades, a decrease of 46 per cent year on year.

Turquoise share of pan-European trading for March was 4.8 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 7,852,197, up two per cent compared with March 2011 and up 21 per cent compared with February 2012.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in March was down 27 per cent year on year to £9.6 billion (€11.5 billion). The total number of trades was down 23 per cent at 379,087.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down nine per cent year on year at €11.3 billion (£9.4 billion). On the MTS Repo market, the average term adjusted daily value was up six per cent year on year at €303.4 billion (£253.2 billion).

The average daily value traded on the Group’s retail bond markets was €1.8 billion (£1.5 billion), up 159 per cent on the same month last year. The average daily number of trades was up 135 per cent at 34,764.

– 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 22 trading days on the London Stock Exchange in March 2012 compared with 23 in March 2011, and 22 trading days on Borsa Italiana in March 2012, compared with 23 in March 2011.

The March 2012 value traded figures use a € per £ exchange rate of 1.19. The exchange rate used for March 2011 was 1.15.

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 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

 

 

                   

 

   

March-12

 

March-11

 

 

                   

 

   

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

   

£m

€m

   

£m

€m

 

 

                   

 

UK   order book

 

16,577,044

103,721

124,293

 

15,360,563

120,383

138,925

 

 

Italian   order book

 

6,401,047

48,979

58,694

 

7,419,940

76,624

88,426

 

 

Derivatives

 

7,852,197

58,636

70,267

 

7,680,838

93,372

107,754

 

 

Retail   Bonds

 

764,800

33,931

40,661

 

339,597

14,229

16,421

 

 

MTS   Cash

 

43,973

206,926

247,969

 

54,582

246,397

284,348

 

 

MTS   Repo

 

71,234

5,570,669

6,675,603

 

67,804

5,717,401

6,598,021

 

 

Turquoise   Integrated

 

10,269,920

29,607

35,479

 

7,935,098

31,736

36,624

 

 

Turquoise   MidPoint

 

437,719

1,823

2,184

 

844,784

5,161

5,956

 

 

                   

 

Average Daily

                 

 

                   

 

UK   order book

 

753,502

4,715

5,650

 

667,851

5,234

6,040

 

 

Italian   order book

 

290,957

2,226

2,668

 

322,606

3,331

3,845

 

 

Derivatives

 

356,918

2,665

3,194

 

333,949

4,060

4,685

 

 

Retail   Bonds

 

34,764

1,542

1,848

 

14,765

619

714

 

 

MTS   Cash

 

1,999

9,406

11,271

 

2,373

10,713

12,363

 

 

MTS   Repo

 

3,238

253,212

303,436

 

2,948

248,583

286,870

 

 

Turquoise   Integrated

 

466,815

1,346

1,613

 

345,004

1,380

1,592

 

 

Turquoise   MidPoint

 

19,896

83

99

 

36,730

224

259

 

 

                   

 

                   

 

   

2012 Year to date

 

2011 Year to Date

 

 

                   

 

   

Trades

Value Traded

 

Trades

Value Traded

 

 

Totals

   

£m

€m

   

£m

€m

 

 

                   

 

UK   order book

 

44,841,128

281,172

336,902

 

40,614,225

318,933

373,415

 

 

Italian   order book

 

18,603,631

139,442

167,085

 

20,708,316

206,187

241,438

 

 

Derivatives

 

21,148,972

133,022

159,401

 

19,753,158

214,049

250,274

 

 

Retail   Bonds

 

1,910,290

82,744

99,132

 

1,016,631

42,453

49,753

 

 

MTS   Cash

 

118,727

550,002

658,934

 

151,289

702,141

822,573

 

 

MTS   Repo

 

198,987

13,510,019

16,188,169

 

184,325

15,424,533

18,061,690

 

 

Turquoise   Integrated

 

29,803,211

87,629

105,006

 

19,151,040

77,726

90,940

 

 

Turquoise   MidPoint

 

1,364,567

6,232

7,468

 

2,168,912

14,025

16,424

 

 

                   

 

Average Daily

                 

 

                   

 

UK   order book

 

700,643

4,393

5,264

 

644,670

5,062

5,927

 

 

Italian   order book

 

286,210

2,145

2,571

 

323,567

3,222

3,772

 

 

Derivatives

 

328,223

2,050

2,456

 

308,643

3,345

3,911

 

 

Retail   Bonds

 

29,389

1,273

1,525

 

15,885

663

777

 

 

MTS   Cash

 

1,827

8,462

10,137

 

2,364

10,971

12,853

 

 

MTS   Repo

 

3,061

207,846

249,049

 

2,880

241,008

282,214

 

 

Turquoise   Integrated

 

458,511

1,348

1,615

 

299,235

1,214

1,421

 

 

Turquoise   MidPoint

 

20,993

96

115

 

33,889

219

257

 

 

                   

 

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.