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London Stock Exchange Market report - November 2005: SETS Heads For Record £1 Trillion Value Traded In 2005

Date 12/12/2005

2005 will be a record year for equity trading across the London Stock Exchange's markets, with a year-to-date growth rate in the number of trades to November of 23 per cent, ahead of the 18 per cent five year CAGR (compound annual growth rate) since 1999.

From January to the end of November 2005, there were 74.5 million trades. This is over 8 million trades more than the total for the whole of 2004. The value traded so far this year is £4.8 trillion, also exceeding the total for last year.

Of these trades, a record 47.3 million trades were carried out on SETS, an increase of 26 per cent on the number of trades from January to the end of November 2004 and more than the total for the whole of last year by over six million trades. The value traded on SETS this year to the end of November was £970.2 billion, again higher than the total value traded on SETS during the whole of last year.

During November, the total number of trades carried out on the Exchange increased on November 2004 to 7.5 million – a 16 per cent increase on the previous year. The total value traded was £511.8 billion, an increase of 13 per cent on the total value traded during November 2004.

The value traded on SETS during the month increased 33 per cent on November 2004 to £104.4 billion. This was ahead of the 18 per cent rise in the number of SETS trades, up to 4.7 million trades in November 2005, and reflected an increase in the average value of a SETS trade, which rose to £22,000, up from £20,000 in November last year. The average daily number of trades on SETS was 215,582, and the average daily value traded was £4.7 billion.

ETFs had an excellent month, with the number of ETF trades up 39 per cent on November last year to a record 13,631. The total value traded also reached a new high, increasing 132 per cent to £1.3 billion. This included trading in ten new ETFs which listed during the month. Trading in covered warrants also made good progress, with the total number of trades reaching 6,975, and the value traded up 20 per cent on November 2004 to £25.0 million.

There were nine IPOs on the Main Market during November 2005, raising £761 million between them. This included two IPOs from international companies. There were 18 IPOs on AIM, raising £392 million between them.

There were 22 business days in November 2005, the same number as in November 2004.

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For further information, please contact:

Catherine Mattison

Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com

Notes to editors:

  • About the London Stock Exchange

    The London Stock Exchange is one of the world’s foremost equity exchanges and a leading provider of services that facilitate the raising of capital and the trading of shares.

    The London Stock Exchange is the most international equities exchange by trading in the world and Europe's largest pool of liquidity. In 2004, 80% of all Western European IPOs floated in London. By the end of 2004, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £3.5 trillion, with £4.7 trillion of equity business transacted over the year.

    The London Stock Exchange is a Recognised Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.

    Companies considering flotation have a choice of markets:

      AIM
      AIM is the London Stock Exchange’s international market specifically designed for smaller, growing companies, combining the benefits of a public flotation with appropriate levels of regulation.

      Main Market
      The London Stock Exchange’s Main Market for established companies seeking international recognition is one of the world’s best known, longest-established and most liquid markets. It is home to some of the world’s largest and most successful companies, giving them access to one of the deepest pools of capital in the world.

      Professional Securities Market
      The Professional Securities Market was established in July 2005, to coincide with the introduction of the FSA's new Listing Rules. PSM provides a solution for those issuers seeking to list securities in London without having to re-state their financial information to IFRS or follow the additional requirements of an offering to retail investors. Debt securities or depository receipts of any denomination may be listed on PSM on production of a prospectus aimed at a wholesale or professional audience.

  • IPO

    An IPO or Initial Public Offering is when a new company joins one of our markets and raises capital by issuing shares. This excludes transfers and introductions (when companies join the market without raising money).

  • Indices
    Indices are calculated and managed by FTSE Group, a world-leader in the creation and management of global equity indices. The FTSE Group is jointly owned by the London Stock Exchange and the Financial Times, but operates as a wholly autonomous company.

    For information about the company or any FTSE indices, please contact media@ftse.com

  • SETS – the electronic order book

    It is over seven years since the launch of SETS and the service continues to go from strength to strength. Overall, the market is benefiting from tighter spreads and greater liquidity. Usage of SETS continues to grow, as shown by recent record increases in the number of orders entered, the number of firms using the order book and order book share of business.

  • SETSmm

    SETSmm is the Exchange’s successful trading service for FTSE 250 and other leading non order book securities. By combining the best features of the existing SETS and SEAQ trading services, SETSmm appeals to market users who want to trade electronically, as well as those customers who use the market making system.

  • Retail Trading Figures

    Retail trading figures are available from our website at –
    www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
    Figures are available from November 2002 to date.

LONDON STOCK EXCHANGE MONTHLY FACTSHEET FIGURES

2005

2005
2004
DOMESTIC EQUITY TRADING
Month
Year to date
Month
Year to date
Equity Trading Value (£m)
242,646
2,309,634
198,771
2,144,478
Number of Equity Trades
5,799,298
58,066,641
5,106,586
49,516,404
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m)
269,203
2,447,081
255,939
2,192,600
Number of Equity Trades
1,700,787
16,450,234

1,359,986

11,028,601
ORDER BOOK TRADING
Order Book Value (£m)
104,364
970,220
78,677
813,896
Order Book Trades
4,742,794
47,258,350
4,013,822
37,358,565
November 2005
November 2004
DOMESTIC MARKET CAPITALISATION (£bn)
1,771
1,451
TOTAL NUMBER OF COMPANIES
3,045
2,802
Main Market UK
1,359
1,466
Main Market International
333
357
of which techMARK
148
167
AIM
1,351
979
Professional Securities Market (Equity only)
2
-
2005
2004
MONEY RAISED (£m)
Month
Year to date
Month
Year to date
Equity Money Raised:
New equity issues: UK Main Market
614
4,892
386
3,298
New equity issues: International Main Market
147
3,897
110
772
New issues: AIM
460
4,443
217
2,243
Further issues: UK Main Market
1,098
8,201
237
8,520
Further issues: Main Market International
-
325
12
204
Further issues: AIM
189
1,982
375
1,585
PSM (new & further, UK & International)
-
38
-
-
COMPANIES ADMITTED
45
543
42
360
.
Debt Money Raised (£m)
Main Market UK
10,931
113,989
11,553
117,956
Main Market International
10,644
107,535
6,691
84,569
PSM (UK & International)
2,407
19,346
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