Monthly Market Report - November 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 November a total of 33.2 million trades were carried out across the Group’s electronic equity order books with a combined value of £178.4 billion (€208.3 billion), down five per cent on November 2010 (£187.2 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.3 billion (€5.0 billion), down four per cent year on year; the average daily number of trades was up 26 per cent to 715,022.

The LSE’s share of trading in the total UK order book for November was 60.5 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 279,032, broadly in line with the same month last year, whilst the average daily value traded on the order book decreased 28 per cent year on year to €2.5 billion (£2.1 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in November was €1.9 billion (£1.6 billion), up 63 per cent on the same month last year. The average daily number of trades was up 98 per cent, at 486,257.

On the dark mid-point book, Turquoise traded an average daily value of €140 million (£120 million), down six per cent on November 2010. There were an average daily total of 26,709 trades, a increase of 22 per cent year on year.

Turquoise share of Pan-European trading for November was 5.8 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 5,523,733, down 21 per cent compared with November 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in November was down four per cent year on year at £11.3 billion (€13.2 billion). The total number of trades was down 10 per cent at 395,354.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 39 per cent year on year at €7.4 billion (£6.3 billion). On the MTS Repo market, the average term adjusted daily value was down 36 per cent year on year at €152.4 billion (£130.3 billion).

The average daily value traded on the Group’s retail bond markets was €1.2 billion (£1.0 billion), up 13 per cent on the same month last year. The average daily number of trades was up 59 per cent at 33,639.

–ends –

For further information, please contact:

Lauren Crawley-Moore +44 (0)20 7797 1222
Anna Mascioni +39 027 2426 211  
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 in November 2011 on the London Stock Exchange, Turquoise and Borsa Italiana the same as November 2010.

The November 2011 value traded figures use a € per £ exchange rate of 1.16. The exchange rate used for November 2010 was 1.17.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

November-11

 

November-10

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

15,730,482

93,985

109,617

 

12,464,254

98,366

115,035

 

Italian order book

 

6,138,698

46,711

54,623

 

6,114,230

64,580

75,523

 

Derivatives

 

5,523,733

54,756

65,618

 

6,981,658

67,190

78,576

 

Retail Bonds

 

740,047

23,042

26,945

 

465,890

20,300

23,740

 

MTS Cash

 

34,996

138,557

162,589

 

48,515

227,527

266,084

 

MTS Repo

 

66,278

2,866,885

3,352,494

 

60,926

4,455,547

5,210,585

 

Turquoise Integrated

 

10,697,661

35,137

40,982

 

5,394,361

21,498

25,141

 

Turquoise MidPoint

 

587,593

2,631

3,069

 

481,079

2,786

3,258

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

715,022

4,272

4,983

 

566,557

4,471

5,229

 

Italian order book

 

279,032

2,123

2,483

 

277,920

2,935

3,433

 

Derivatives

 

251,079

2,489

2,983

 

317,349

3,054

3,572

 

Retail Bonds

 

33,639

1,047

1,225

 

21,177

923

1,079

 

MTS Cash

 

1,591

6,298

7,390

 

2,205

10,342

12,095

 

MTS Repo

 

3,013

130,313

152,386

 

2,769

202,525

236,845

 

Turquoise Integrated

 

486,257

1,597

1,863

 

245,198

977

1,143

 

Turquoise MidPoint

 

26,709

120

140

 

21,867

127

148

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January to November 2011

 

January to November 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

158,912,606

1,130,884

1,300,248

 

136,373,594

1,116,024

1,298,971

 

Italian order book

 

69,370,919

668,801

769,153

 

62,270,392

672,290

783,027

 

Derivatives

 

80,939,003

762,098

876,644

 

73,964,893

742,903

865,831

 

Retail Bonds

 

4,220,461

161,488

185,928

 

3,541,623

185,163

215,311

 

MTS Cash

 

459,788

2,168,542

2,495,523

 

396,148

2,116,384

2,221,169

 

MTS Repo

 

684,062

51,673,076

59,394,412

 

564,646

47,735,525

55,614,183

 

Turquoise Integrated

 

97,579,705

369,366

424,038

 

52,184,529

214,488

250,152

 

Turquoise MidPoint

 

7,164,718

43,166

49,646

 

5,392,764

29,843

35,054

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

687,933

4,896

5,629

 

587,817

4,810

5,599

 

Italian order book

 

295,195

2,846

3,273

 

264,980

2,861

3,332

 

Derivatives

 

344,421

3,243

3,730

 

314,744

3,161

3,684

 

Retail Bonds

 

17,960

687

791

 

15,071

788

916

 

MTS Cash

 

1,957

9,228

10,619

 

1,686

9,006

9,452

 

MTS Repo

 

2,911

219,885

252,742

 

2,403

203,130

236,656

 

Turquoise Integrated

 

413,473

1,565

1,797

 

222,062

913

1,064

 

Turquoise MidPoint

 

30,359

183

210

 

22,948

127

149

 

 

 

 

 

 

 

 

 

 

 

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.