London Stock Exchange Group Monthly Market Report - August 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 August a total of 42.9 million trades were carried out across the Group's electronic equity order books with a combined value of £259.3 billion (€295.8 billion), up 73 per cent on August 2010 (£150.1 billion).
 
UK Equities Order Book
 
During the month, the average daily value traded on the UK order book was £6.2 billion (€7.0 billion), up 53 per cent year on year; the average daily number of trades was up 69 per cent to 888,621.
 
The LSE's share of trading in the total UK order book for August was 60.0 per cent.
 
Italian Equities Order book
 
On the Italian order book, the average daily number of trades was 334,541, up 62 per cent on the same month last year, whilst the average daily value traded on the order book increased 32 per cent year on year to €3.2 billion (£2.8 billion).
 
Turquoise Cash Equities
 
The average daily value traded on the Turquoise integrated book in August was €2.9 billion (£2.5 billion) up 189 per cent on the same month last year. The average daily number of trades was up 202 per cent at 664,672.
 
On the dark mid-point book, Turquoise traded an average daily value of €218 million (£191 million), up 11 per cent on August 2010.  There were an average daily total of 32,175 trades, an increase of 10 per cent year on year.
 
Turquoise share of Pan European trading for August was 6.3 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 7.9 million, up 53 per cent compared with August 2010.
 
Exchange Traded Products
 
Total value traded in Exchange Traded Products across the Group's order books in August was up 110 per cent year on year to £16.9 billion (€19.3 billion). The total number of trades was up 63 per cent at 517,203.
 
Fixed income

The average daily value traded on the MTS Cash markets during the month was up two per cent year on year at €8.8 billion (£7.7 billion). On the MTS Repo market, the average term adjusted daily value is up 21 per cent year on year at €255.4 billion (£223.9 billion).
 
The average daily value traded on the Group's retail bond markets was €700 million (£614 million), down four per cent on the same month last year. The average daily number of trades was up 42 per cent at 16,988.

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 August 2011 on the London Stock Exchange, Turquoise and Borsa Italiana. In August 2010 there were 21 trading days on the London Stock Exchange and Turquoise and 22 on Borsa Italiana.

The August 2011 value traded figures use a € per £ exchange rate of 1.14.  The exchange rate used for August 2010 was 1.22.