SETS saw a total of 4.7 million trades during the month, with eight of the twenty busiest ever trading days on SETS contributing to a record average of 221,822 trades daily, up 43 per cent on July 2004. The average daily value traded on SETS during the month was also a record at £4.9 billion, an increase of 45 per cent on July 2004. This brought the average daily value traded on SETS for the year so far to £4 billion, up 13 per cent on the same period in 2004. The average daily number of trades on SETS for the year to date reached a record 200,000, up 28 per cent on the same period in 2004.
Of the SETS trades, 14 per cent were on SETSmm, including trading in 198 small cap securities which moved to SETSmm on 11 July. The average daily number of trades on SETSmm increased to 31,441, up 140 per cent on July 2004, and the average daily value traded increased by 122 per cent to £307.4 million.
Trading in ETFs and covered warrants also saw strong increases, with the number of ETF trades up six per cent on July 2004 and the value traded up 144 per cent to £864.4 million. There was a 34 per cent increase in the number of covered warrant trades to 4,631 whilst the value traded during the month increased 45 per cent on July 2004 to £18.9 million.
The Main Market attracted six IPOs during July, raising £1.5 billion between them, and there were 27 IPOs on AIM, raising £502.1 million between them. This brought the total number of IPOs on both markets for the year to date to 263, and the total money raised to £8.3 billion.
There were 21 business days in July 2005, compared with 22 in July 2004.
