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