Monthly Market Report - September 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 September a total of 35.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £207.4 billion (€237.9 billion), up 19 per cent on September 2010 (£174.3 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.9 billion (€5.6 billion), up 18 per cent year on year; the average daily number of trades was up 40 per cent to 728,816.

The LSE’s share of trading in the total UK order book for September was 59.8 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 275,573, up 18 per cent on the same month last year, whilst the average daily value traded on the order book decreased 12 per cent year on year to €2.8 billion (£2.5 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in September was €2.3 billion (£2.0 billion) up 99 per cent on the same month last year. The average daily number of trades was up 121 per cent at 561,028.

On the dark mid-point book, Turquoise traded an average daily value of €153 million (£134 million), down 22 per cent on September 2010. There were an average daily total of 28,006 trades, a decrease of 15 per cent year on year.

Turquoise share of Pan European trading for September was 6.1 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 7,982,764 up 33 per cent compared with September 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in September was up 57 per cent year on year to £14.0 billion (€16.1 billion). The total number of trades was up 36 per cent at 468,200.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 17 per cent year on year at €9.4 billion (£8.2 billion). On the MTS Repo market, the average term adjusted daily value was down six per cent year on year at €258.4 billion (£225.2 billion).

The average daily value traded on the Group’s retail bond markets was €775 million (£675 million), down eight per cent on the same month last year. The average daily number of trades was up 43 per cent at 18,627.

–ends –

For further information, please contact:

Ed Clark          +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 September 2011 and 22 trading days in September 2010 on the London Stock Exchange, Turquoise and Borsa Italiana.

The September 2011 value traded figures use a € per £ exchange rate of 1.15. The exchange rate used for September 2010 was 1.19.

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

 

 

September-11

 

September-10

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

16,033,961

107,142

122,908

 

11,453,571

90,794

108,106

 

Italian order book

 

6,062,603

53,901

61,833

 

5,138,133

58,791

70,000

 

Derivatives

 

7,982,764

66,284

76,038

 

6,020,026

76,675

91,295

 

Retail Bonds

 

409,802

14,855

17,041

 

287,245

15,565

18,533

 

MTS Cash

 

35,761

180,331

206,868

 

45,864

208,823

248,638

 

MTS Repo

 

64,953

4,955,312

5,684,505

 

54,904

5,069,867

6,036,519

 

Turquoise Integrated

 

12,342,621

43,377

49,760

 

5,580,059

21,027

25,037

 

Turquoise MidPoint

 

616,139

2,939

3,372

 

725,838

3,654

4,351

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

728,816

4,870

5,587

 

520,617

4,127

4,914

 

Italian order book

 

275,573

2,450

2,811

 

233,552

2,672

3,182

 

Derivatives

 

362,853

3,013

3,456

 

273,637

3,485

4,150

 

Retail Bonds

 

18,627

675

775

 

13,057

708

842

 

MTS Cash

 

1,626

8,197

9,403

 

2,085

9,492

11,302

 

MTS Repo

 

2,952

225,241

258,387

 

2,496

230,448

274,387

 

Turquoise Integrated

 

561,028

1,972

2,262

 

253,639

956

1,138

 

Turquoise MidPoint

 

28,006

134

153

 

32,993

166

198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January to September 2011

 

January to September 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

Trades

Value Traded

 

Trades

Value Traded

 

Totals

 

 

£m

€m

 

 

£m

€m

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

128,064,454

944,581

1,084,562

 

112,353,021

926,086

1,079,447

 

Italian order book

 

57,369,107

573,252

658,417

 

51,262,517

558,215

651,026

 

Derivatives

 

69,750,685

659,751

756,347

 

61,497,048

622,523

726,563

 

Retail Bonds

 

3,140,930

125,842

144,501

 

2,769,461

148,896

173,351

 

MTS Cash

 

390,214

1,862,498

2,140,500

 

341,450

1,678,299

1,953,310

 

MTS Repo

 

556,416

44,478,329

51,069,419

 

448,657

38,558,242

45,015,802

 

Turquoise Integrated

 

76,365,003

297,504

340,862

 

42,445,254

175,970

205,589

 

Turquoise MidPoint

 

5,956,576

37,220

42,770

 

4,444,649

24,295

28,644

 

 

 

 

 

 

 

 

 

 

 

Average Daily

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK order book

 

681,194

5,024

5,769

 

594,460

4,900

5,711

 

Italian order book

 

298,797

2,986

3,429

 

266,992

2,907

3,391

 

Derivatives

 

363,285

3,436

3,939

 

320,297

3,242

3,784

 

Retail Bonds

 

16,359

655

753

 

14,424

775

903

 

MTS Cash

 

2,032

9,701

11,148

 

1,778

8,741

10,173

 

MTS Repo

 

2,898

231,658

265,987

 

2,337

200,824

234,457

 

Turquoise Integrated

 

395,674

1,541

1,766

 

221,069

917

1,071

 

Turquoise MidPoint

 

30,863

193

222

 

23,149

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.