Monthly Market Report - May 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 May a total of 34.1 million trades were carried out across the Group’s electronic equity order books, an increase of 10 per cent on April 2012. They had a combined value of £170.2 billion (€211.7 billion), up 10 per cent on last month (£154.3 billion).[1]

The average daily number of trades across the Group’s electronic equity order books was 1.5 million, a 7 per cent decrease on last month. The average daily value traded was £7.7 billion, down 6 per cent on last month.

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.3 billion (€5.3 billion), down 6 per cent month-on-month; the average daily number of trades decreased 4 per cent to 759,666.

The LSE’s share of trading in the total UK order book for May was 63.6 per cent.

Italian Equities Order book

On the Italian order book, the average daily value traded increased 5 per cent month-on-month to €2.5 billion (£2.0 billion) while the average daily number of trades was 258,754, a decrease of 11 per cent on last month.

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in May was €1.6 billion (£1.3 billion) down 14 per cent on last month. The average daily number of trades was down 10 per cent at 487,045.

On the dark mid-point book, Turquoise traded an average daily value of €90 million (£72 million), down 3 per cent on April. The average daily number of trades was 21,917, up 4 per cent on month-on-month.

Turquoise’s share of pan-European trading for May was 5.3 per cent.

Derivatives

On the Group’s derivatives platforms, the average daily number of contracts traded was 377,667, up 17 per cent compared with April.

Exchange Traded Products

The average daily value traded in Exchange Traded Products across the Group’s order books in May was up 9 per cent month-on-month to £432 million (€538 million). The average daily number of trades was up 1 per cent at 16,083.

Fixed income

The average daily value traded on the MTS Cash markets during the month was unchanged month-on-month at €9.3 billion (£7.5 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 11 per cent to €254.1 billion (£204.3 billion).

The average daily value traded on the Group’s retail bond markets was €917 million (£737 million), down 12 per cent on April. The average daily number of trades was down 6 per cent at 20,428.

–ends –

For further information, please contact:

Jonny Blostone +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 and Borsa Italiana in May 2012, and 23 trading days on Turquoise. In April 2012 there were 19 trading days on the London Stock Exchange, Borsa Italiana and Turquoise.

The May 2012 value traded figures use a € per £ exchange rate of 1.24. For April 2012 they use a rate of 1.22.

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


[1] Due to an exceptional trading month in May 2011, this report’s highlights take a month-by-month view to avoid skewed comparison. Full values for May 2011 are available in the table below.

BORSA ITALIANA – LONDON STOCK EXCHANGE   ELECTRONIC ORDER BOOK TRADING  
                   
    May-12   May-11  
                   
    Trades Value Traded   Trades Value Traded  
Totals     £m €m     £m €m  
                   
UK   order book   16,712,645 94,044 117,012   13,884,940 107,231 122,148  
Italian   order book   5,692,580 45,077 56,086   5,757,322 71,928 81,934  
Derivatives   8,308,665 53,132 66,109   10,142,225 73,246 83,435  
Retail   Bonds   449,405 16,205 20,163   317,588 14,227 16,206  
MTS   Cash   35,085 164,772 205,015   42,693 213,243 242,907  
MTS   Repo   68,141 4,493,728 5,591,247   63,823 4,690,010 5,342,444  
Turquoise   Integrated   11,202,034 29,391 36,569   6,799,987 27,050 30,813  
Turquoise   MidPoint   504,096 1,665 2,072   651,880 4,143 4,720  
                   
Average Daily                  
                   
UK   order book   759,666 4,275 5,319   694,247 5,362 6,107  
Italian   order book   258,754 2,049 2,549   261,696 3,269 3,724  
Derivatives   377,667 2,415 3,005   461,010 3,329 3,793  
Retail   Bonds   20,428 737 917   14,436 647 737  
MTS   Cash   1,595 7,490 9,319   1,941 9,693 11,041  
MTS   Repo   3,097 204,260 254,148   2,901 213,182 242,838  
Turquoise   Integrated   487,045 1,278 1,590   309,090 1,230 1,401  
Turquoise   MidPoint   21,917 72 90   29,631 188 215  
                   
                   
    2012 Year to date   2011 Year to Date  
                   
    Trades Value Traded   Trades Value Traded  
Totals     £m €m     £m €m  
                   
UK   order book   76,528,847 461,274 558,622   65,031,160 505,687 585,631  
Italian   order book   29,805,742 222,409 269,272   31,628,666 332,910 385,434  
Derivatives   35,575,207 233,669 283,321   37,962,018 338,254 391,426  
Retail   Bonds   2,771,816 115,229 139,103   1,598,399 68,545 79,398  
MTS   Cash   185,893 860,136 1,040,813   235,485 1,120,105 1,297,351  
MTS   Repo   327,577 21,576,813 26,126,823   303,882 24,470,850 28,338,149  
Turquoise   Integrated   51,255,641 145,896 176,709   31,573,862 127,319 147,285  
Turquoise   MidPoint   2,270,120 9,347 11,305   3,441,923 22,374 25,908  
                   
Average Daily                  
                   
UK   order book   728,846 4,393 5,320   643,873 5,007 5,798  
Italian   order book   281,186 2,098 2,540   301,225 3,171 3,671  
Derivatives   337,235 2,206 2,675   361,543 3,221 3,728  
Retail   Bonds   26,149 1,087 1,312   15,223 653 756  
MTS   Cash   1,754 8,114 9,819   2,243 10,668 12,356  
MTS   Repo   3,090 203,555 246,479   2,894 233,056 269,887  
Turquoise   Integrated   479,025 1,364 1,651   300,703 1,213 1,403  
Turquoise   MidPoint   21,216 87 106   32,780 213 247  
                   
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.