London Stock Exchange Group Monthly Market Report - November 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 November a total of 33.2 million trades were carried out across the Group's electronic equity order books with a combined value of £178.4 billion (€208.3 billion), down five per cent on November 2010 (£187.2 billion).                                  

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.3 billion (€5.0 billion), down four per cent year on year; the average daily number of trades was up 26 per cent to 715,022.

The LSE's share of trading in the total UK order book for November was 60.5 per cent.

Italian Equities Order Book

On the Italian order book, the average daily number of trades was 279,032, broadly in line with the same month last year, whilst the average daily value traded on the order book decreased 28 per cent year on year to €2.5 billion (£2.1 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in November was €1.9 billion (£1.6 billion), up 63 per cent on the same month last year. The average daily number of trades was up 98 per cent, at 486,257.

On the dark mid-point book, Turquoise traded an average daily value of €140 million (£120 million), down six per cent on November 2010.  There were an average daily total of 26,709 trades, a increase of 22 per cent year on year.

Turquoise share of Pan-European trading for November was 5.8 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 5,523,733, down 21 per cent compared with November 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in November was down four per cent year on year at £11.3 billion (€13.2 billion). The total number of trades was down 10 per cent at 395,354.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 39 per cent year on year at €7.4 billion (£6.3 billion). On the MTS Repo market, the average term adjusted daily value was down 36 per cent year on year at €152.4 billion (£130.3 billion).

The average daily value traded on the Group's retail bond markets was €1.2 billion (£1.0 billion), up 13 per cent on the same month last year. The average daily number of trades was up 59 per cent at 33,639. 

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 November 2011 on the London Stock Exchange, Turquoise and Borsa Italiana the same as November 2010.

The November 2011 value traded figures use a € per £ exchange rate of 1.16.  The exchange rate used for November 2010 was 1.17.

About London Stock Exchange:

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 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 an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at http://www.londonstockexchangegroup.com/