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 December a total of 24.4 million trades were carried out across the Group’s electronic equity order books with a combined value of £128.1 billion (€151.8 billion), down 11 per cent on December 2010 (£143.8 billion).
UK Equities Order Book During the month, the average daily value traded on the UK order book was £3.5 billion (€4.2 billion), down 5 per cent year on year. The average daily number of trades increased 25 per cent to 584,371. The LSE’s share of trading in the total UK order book for December was 61.7 per cent.
Italian Equities Order Book
On the Italian order book, the average daily number of trades was 200,582, down 13.4 per cent on the same month last year, whilst the average daily value traded on the order book decreased 33 per cent year on year to €1.8 billion (£1.5 billion).
Turquoise Cash Equities
The average daily value traded on the Turquoise integrated book in December was €1.4 billion (£1.2 billion) up 66 per cent on the same month last year. The average daily number of trades was up 119 per cent at 384,812.
On the Turquoise dark mid-point book, the average daily value traded was €103 million (£87 million), down 14 per cent on December 2010. There was an average daily total of 20,816 trades, an increase of over 21 per cent year on year.
Turquoise share of pan-European trading for December was 5.4 per cent.
Derivatives
On the Group’s derivatives platforms, the total number of contracts traded was 5,346,435, down 12 per cent compared with December 2010.
Exchange Traded Products
Total value traded in Exchange Traded Products across the Group’s order books in December was down 14 per cent year on year to £8.0 billion (€9.5 billion). The total number of trades was also down 21 per cent at 281,496.
Fixed income
The average daily value traded on the MTS Cash markets during the month was down 21 per cent year on year at €5.4 billion (£4.5 billion). On the MTS Repo market, the average term adjusted daily value was down 38 per cent year on year at €153.3 billion (£129.4 billion).
The average daily value traded on the Group’s retail bond markets was €994 million (£839 million), up 42 per cent on the same month last year. The average daily number of trades was up 40 per cent at 22,682.
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 20 trading days on the London Stock Exchange in December 2011 compared with 21 in December 2010, and 21 trading days on Borsa Italiana in December 2011, the same as December 2010.
The December 2011 value traded figures use a € per £ exchange rate of 1.18. The exchange rate used for December 2010 was 1.18.
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BORSA ITALIANA – LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK TRADING |
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December-11 |
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December-10 |
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Trades |
Value Traded |
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Trades |
Value Traded |
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Totals |
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£m |
€m |
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£m |
€m |
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UK order book |
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11,687,426 |
70,308 |
83,298 |
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9,788,179 |
77,562 |
91,450 |
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Italian order book |
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4,212,221 |
31,761 |
37,629 |
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4,863,293 |
47,787 |
56,344 |
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Derivatives |
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5,346,435 |
44,270 |
52,450 |
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6,051,176 |
64,832 |
76,442 |
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Retail Bonds |
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476,316 |
17,618 |
20,874 |
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340,141 |
12,477 |
14,712 |
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MTS Cash |
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24,468 |
94,947 |
112,489 |
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28,020 |
120,960 |
142,620 |
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MTS Repo |
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57,727 |
2,718,003 |
3,220,173 |
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59,398 |
4,434,867 |
5,229,006 |
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Turquoise Integrated |
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8,081,047 |
24,241 |
28,720 |
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4,038,804 |
16,065 |
18,942 |
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Turquoise MidPoint |
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437,138 |
1,825 |
2,163 |
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394,708 |
2,347 |
2,767 |
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Average Daily |
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UK order book |
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584,371 |
3,515 |
4,165 |
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466,104 |
3,693 |
4,355 |
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Italian order book |
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200,582 |
1,512 |
1,792 |
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231,585 |
2,276 |
2,683 |
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Derivatives |
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261,708 |
2,116 |
2,507 |
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272,834 |
3,062 |
3,611 |
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Retail Bonds |
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22,682 |
839 |
994 |
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16,197 |
594 |
701 |
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MTS Cash |
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1,165 |
4,521 |
5,357 |
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1,334 |
5,760 |
6,791 |
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MTS Repo |
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2,749 |
129,429 |
153,342 |
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2,828 |
211,184 |
249,000 |
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Turquoise Integrated |
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384,812 |
1,154 |
1,368 |
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175,600 |
698 |
824 |
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Turquoise MidPoint |
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20,816 |
87 |
103 |
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17,161 |
102 |
120 |
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January to December 2011 |
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January to December 2010 |
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Trades |
Value Traded |
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Trades |
Value Traded |
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Totals |
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£m |
€m |
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£m |
€m |
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UK order book |
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170,600,032 |
1,201,192 |
1,383,546 |
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146,161,773 |
1,193,585 |
1,390,421 |
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Italian order book |
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73,583,140 |
700,685 |
806,782 |
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67,133,685 |
720,077 |
839,371 |
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Derivatives |
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86,285,438 |
806,504 |
927,498 |
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80,016,069 |
807,735 |
942,273 |
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Retail Bonds |
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4,696,777 |
179,167 |
206,802 |
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3,881,764 |
197,641 |
230,022 |
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MTS Cash |
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484,256 |
2,264,334 |
2,608,011 |
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461,549 |
2,237,344 |
2,602,274 |
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MTS Repo |
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741,789 |
54,398,607 |
62,614,586 |
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624,044 |
52,170,393 |
60,843,188 |
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Turquoise Integrated |
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105,660,752 |
393,607 |
452,758 |
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56,223,333 |
230,553 |
269,093 |
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Turquoise MidPoint |
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7,601,856 |
44,991 |
51,809 |
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5,787,472 |
32,190 |
37,822 |
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Average Daily |
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UK order book |
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679,681 |
4,786 |
5,512 |
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577,715 |
4,718 |
5,496 |
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Italian order book |
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287,434 |
2,737 |
3,151 |
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262,241 |
2,813 |
3,279 |
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Derivatives |
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337,642 |
3,151 |
3,624 |
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311,478 |
3,154 |
3,679 |
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Retail Bonds |
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18,347 |
700 |
808 |
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15,163 |
772 |
899 |
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MTS Cash |
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1,892 |
8,845 |
10,188 |
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1,803 |
8,740 |
10,165 |
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MTS Repo |
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2,898 |
212,495 |
244,588 |
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2,438 |
203,791 |
237,669 |
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Turquoise Integrated |
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411,131 |
1,532 |
1,762 |
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217,920 |
894 |
1,043 |
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Turquoise MidPoint |
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29,579 |
175 |
202 |
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22,432 |
125 |
147 |
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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. |
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