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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 March a total of 33.7 million trades were carried out across the Group's electronic equity order books with a combined value of £184.1 billion (€220.7 billion), down 21 per cent on March 2011 (£233.9 billion), up eight per cent on February 2012.
UK Equities Order Book
During the month, the average daily value traded on the UK order book was £4.7 billion (€5.6 billion), down 10 per cent on March 2011 and up 6 per cent on February 2012. The average daily number of trades increased 13 per cent to 753,502 compared with March 2011.
The LSE's share of trading in the total UK order book for March was 65.2 per cent.
Italian Equities Order Book
On the Italian order book, the average daily number of trades was 290,957, down 10 per cent on the same month last year and down 3 per cent on February 2012. The average daily value traded on the order book decreased 31 per cent year on year to €2.7 billion (£2.2 billion) in line with February 2012.
Turquoise Cash Equities
The average daily value traded on the Turquoise integrated book in March 2012 was €1.6 billion (£1.3 billion) up one per cent on the same month last year. The average daily number of trades was up 35 per cent at 466,815.
On the Turquoise dark mid-point book, the average daily value traded was €99 million (£83 million), down 62 per cent on March 2011. There was an average daily total of 19,896 trades, a decrease of 46 per cent year on year.
Turquoise share of pan-European trading for March was 4.8 per cent.
Derivatives
On the Group's derivatives platforms, the total number of contracts traded was 7,852,197, up two per cent compared with March 2011 and up 21 per cent compared with February 2012.
Exchange Traded Products
Total value traded in Exchange Traded Products across the Group's order books in March was down 27 per cent year on year to £9.6 billion (€11.5 billion). The total number of trades was down 23 per cent at 379,087.
Fixed income
The average daily value traded on the MTS Cash markets during the month was down nine per cent year on year at €11.3 billion (£9.4 billion). On the MTS Repo market, the average term adjusted daily value was up six per cent year on year at €303.4 billion (£253.2 billion).
The average daily value traded on the Group's retail bond markets was €1.8 billion (£1.5 billion), up 159 per cent on the same month last year. The average daily number of trades was up 135 per cent at 34,764.
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 in March 2012 compared with 23 in March 2011, and 22 trading days on Borsa Italiana in March 2012, compared with 23 in March 2011.
The March 2012 value traded figures use a € per £ exchange rate of 1.19. The exchange rate used for March 2011 was 1.15.
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BORSA ITALIANA - LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK TRADING |
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March-12 |
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March-11 |
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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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16,577,044 |
103,721 |
124,293 |
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15,360,563 |
120,383 |
138,925 |
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Italian order book |
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6,401,047 |
48,979 |
58,694 |
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7,419,940 |
76,624 |
88,426 |
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Derivatives |
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7,852,197 |
58,636 |
70,267 |
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7,680,838 |
93,372 |
107,754 |
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Retail Bonds |
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764,800 |
33,931 |
40,661 |
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339,597 |
14,229 |
16,421 |
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MTS Cash |
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43,973 |
206,926 |
247,969 |
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54,582 |
246,397 |
284,348 |
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MTS Repo |
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71,234 |
5,570,669 |
6,675,603 |
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67,804 |
5,717,401 |
6,598,021 |
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Turquoise Integrated |
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10,269,920 |
29,607 |
35,479 |
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7,935,098 |
31,736 |
36,624 |
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Turquoise MidPoint |
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437,719 |
1,823 |
2,184 |
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844,784 |
5,161 |
5,956 |
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Average Daily |
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UK order book |
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753,502 |
4,715 |
5,650 |
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667,851 |
5,234 |
6,040 |
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Italian order book |
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290,957 |
2,226 |
2,668 |
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322,606 |
3,331 |
3,845 |
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Derivatives |
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356,918 |
2,665 |
3,194 |
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333,949 |
4,060 |
4,685 |
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Retail Bonds |
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34,764 |
1,542 |
1,848 |
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14,765 |
619 |
714 |
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MTS Cash |
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1,999 |
9,406 |
11,271 |
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2,373 |
10,713 |
12,363 |
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MTS Repo |
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3,238 |
253,212 |
303,436 |
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2,948 |
248,583 |
286,870 |
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Turquoise Integrated |
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466,815 |
1,346 |
1,613 |
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345,004 |
1,380 |
1,592 |
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Turquoise MidPoint |
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19,896 |
83 |
99 |
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36,730 |
224 |
259 |
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2012 Year to date |
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2011 Year to Date |
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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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44,841,128 |
281,172 |
336,902 |
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40,614,225 |
318,933 |
373,415 |
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Italian order book |
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18,603,631 |
139,442 |
167,085 |
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20,708,316 |
206,187 |
241,438 |
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Derivatives |
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21,148,972 |
133,022 |
159,401 |
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19,753,158 |
214,049 |
250,274 |
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Retail Bonds |
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1,910,290 |
82,744 |
99,132 |
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1,016,631 |
42,453 |
49,753 |
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MTS Cash |
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118,727 |
550,002 |
658,934 |
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151,289 |
702,141 |
822,573 |
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MTS Repo |
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198,987 |
13,510,019 |
16,188,169 |
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184,325 |
15,424,533 |
18,061,690 |
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Turquoise Integrated |
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29,803,211 |
87,629 |
105,006 |
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19,151,040 |
77,726 |
90,940 |
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Turquoise MidPoint |
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1,364,567 |
6,232 |
7,468 |
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2,168,912 |
14,025 |
16,424 |
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Average Daily |
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UK order book |
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700,643 |
4,393 |
5,264 |
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644,670 |
5,062 |
5,927 |
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Italian order book |
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286,210 |
2,145 |
2,571 |
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323,567 |
3,222 |
3,772 |
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Derivatives |
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328,223 |
2,050 |
2,456 |
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308,643 |
3,345 |
3,911 |
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Retail Bonds |
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29,389 |
1,273 |
1,525 |
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15,885 |
663 |
777 |
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MTS Cash |
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1,827 |
8,462 |
10,137 |
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2,364 |
10,971 |
12,853 |
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MTS Repo |
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3,061 |
207,846 |
249,049 |
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2,880 |
241,008 |
282,214 |
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Turquoise Integrated |
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458,511 |
1,348 |
1,615 |
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299,235 |
1,214 |
1,421 |
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Turquoise MidPoint |
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20,993 |
96 |
115 |
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33,889 |
219 |
257 |
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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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