London Stock Exchange Group Monthly Market Report - February 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 February a total of 30.8 million trades were carried out across the Group's electronic equity order books with a combined value of £171.0 billion (€204.3 billion), down 11 per cent on February 2011 (£191.3 billion).

UK Equities Order Book
During the month, the average daily value traded on the UK order book was £4.4 billion (€5.3 billion), down 12 per cent on February 2011 but up 10 per cent on January 2012. The average daily number of trades increased eight per cent to 685,167 compared with February 2011.

The LSE's share of trading in the total UK order book for February was 62.7 per cent.

Italian Equities Order Book
On the Italian order book, the average daily number of trades was 300,417, down two per cent on the same month last year, although up 12 per cent on January 2012. The average daily value traded on the order book decreased 28 per cent year on year to €2.7 billion (£2.2 billion) and increased 11 per cent on January 2012.

Turquoise Cash Equities
The average daily value traded on the Turquoise integrated book in February 2012 was €1.7 billion (£1.4 billion) up 16 per cent on the same month last year. The average daily number of trades was up 55 per cent at 458,429.

On the Turquoise dark mid-point book, the average daily value traded was €121 million (£101 million), down 56 per cent on February 2011.  There was an average daily total of 21,944 trades, a decrease of 37 per cent year on year.

Turquoise share of pan-European trading for February was 5.1 per cent.

Derivatives
On the Group's derivatives platforms, the total number of contracts traded was 6,515,104, down three per cent compared with February 2011.

Exchange Traded Products
Total value traded in Exchange Traded Products across the Group's order books in February was down 14 per cent year on year to £9.0 billion (€10.7 billion). The total number of trades was down 19 per cent at 341,991.

Fixed income
The average daily value traded on the MTS Cash markets during the month was down 15 per cent year on year at €10.9 billion (£9.1 billion) and up 32 per cent on January 2012. On the MTS Repo market, the average term adjusted daily value was down nine per cent year on year at €234.5 billion (£196.3 billion), up 13 per cent on January 2012.

The average daily value traded on the Group's retail bond markets was €1.6 billion (£1.3 billion), up 92 per cent on the same month last year. The average daily number of trades was up 83 per cent at 30,091. 

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 21 trading days on the London Stock Exchange in February 2012 compared with 20 in February 2011, and 21 trading days on Borsa Italiana in February 2012, compared with 20 in February 2011.

The February 2012 value traded figures use a € per £ exchange rate of 1.19.  The exchange rate used for February 2011 was 1.18.

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 of 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 http://www.londonstockexchangegroup.com/