The London Stock Exchange made a very strong start to 2007 with record trading activity across its markets. The number of SETS trades increased 61 per cent on January 2006 to 8.7 million, the highest number of trades ever recorded on the electronic order book in a single month, while the value traded rose by 33 per cent to £156.5 billion. The average daily number of trades on SETS in January increased 54 per cent on last January to 397,215, and the average daily value traded rose by 27 per cent to £7.1 billion.
Included in the SETS figures, SETSmm had a particularly strong month, with the total number of trades more than doubling year on year, increasing 106 per cent to a record-breaking two million, equivalent to an average of 91,205 trades per day. The total value traded grew 74 per cent compared with January 2006 to £14.5 billion.
Also included in the SETS figures, the Exchange's International Order Book (IOB) had an excellent month, with a 66 per cent increase in the number of trades compared with January last year to 79,419, and an increase of 61 per cent in the value traded to $12.4 billion.
The total number of UK equity trades increased 50 per cent compared with January 2006 to a record 9.8 million, while the total value of UK equities traded during the month was also a record at £327.0 billion, up 22 per cent on January 2006.
Trading in ETFs continued to grow with the value traded up 104 per cent year on year to £2.4 billion, while the number of trades increased 68 per cent to 34,884.
January was also a good month for EDX London, the London Stock Exchange’s derivatives business. Trading in the new Russian derivatives service reached a total of 46,618 contracts during the month, with a combined value of $468.3 million. Trading in Nordic derivatives was up 26 per cent on January 2006 to a total 2.8 million contracts, the second busiest month on record.
AIM attracted IPOs from nine companies during January, raising a total of £147 million between them, nearly double the amount raised by new AIM IPOs during the same month last year.
RNS, the Exchange's service for the dissemination of company news, transmitted a total of 16,377 company announcements during January, a 20 per cent increase on January last year. Of these 5,288 were news and results announcements, representing 86 per cent of all company news and results announcements issued in the UK.
There were 22 trading days in January 2007, one more than in January 2006.
Background:
- About the London Stock Exchange
The London Stock Exchange is the world’s premier international equity exchange 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 in the world and Europe's largest pool of liquidity. By the end of 2006, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £4.4 trillion, with £6.7 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 an autonomous company.For information about the company or any FTSE indices, please contact media@ftse.com.
- SETS – the electronic order book
It is over eight years since the launch of SETS and the order book continues to go from strength to strength, compressing spreads and significantly improving liquidity. SETS has recently delivered record increases in the number of orders entered and executed as new technology improves efficiency and fuels growth.
- SETSmm
SETSmm is the Exchange’s 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.
- International Order Book (IOB)
The IOB is the Exchange's order book for the trading of international Depositary Receipts, negotiable certificates which represent ownership of a given number of a company’s shares and can be listed and traded independently from the underlying shares.
- 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
JANUARY 2007
2007 | 2006 | ||||
 | |||||
| DOMESTIC EQUITY TRADING | Month | Year to date | Month | Year to date | |
| |||||
| Equity Trading Value (£m) | 327,038 | 327,038 | 268,040 | 268,040 | |
| Number of Equity Trades | 9,811,354 | 9,811,354 | 6,555,507 | 6,555,507 | |
| |||||
| INTERNATIONAL EQUITY TRADING | |||||
| |||||
| Equity Trading Value (£m) | 348,325 | 348,325 | 301,263 | 301,263 | |
| Number of Equity Trades | 2,600,353 | 2,600,353 | 1,975,354 | 1,975,354 | |
| ORDER BOOK TRADING | |||||
| |||||
| Order Book Value (£m) | 156,506 | 156,506 | 117,749 | 117,749 | |
| Order Book Trades | 8,738,731 | 8,738,731 | 5,418,950 | 5,418,950 | |
| |||||
January 2007 | January 2006 | ||||
| |||||
| DOMESTIC MARKET CAPITALISATION (£bn) | 2,016 | 1,887 | |||
| |||||
| TOTAL NUMBER OF COMPANIES | 3,246 | 3,088 | |||
| Main Market UK | 1,270 | 1,345 | |||
| Main Market International | 318 | 330 | |||
| of which techMARK | 131 | 148 | |||
| AIM | 1,635 | 1,408 | |||
| Professional Securities Market (Equity only) | 23 | 5 | |||
| |||||
2007 | 2006 | ||||
| |||||
| MONEY RAISED (£m) | Month | Year to date | Month | Year to date | |
| |||||
| Equity Money Raised: | |||||
| New issues: Main Market UK | - | - | 27 | 27 | |
| New issues: Main Market International | - | - | - | - | |
| New issues: AIM | 151 | 151 | 107 | 107 | |
| Further issues: Main Market UK | 273 | 273 | 165 | 165 | |
| Further issues: Main Market International | 3 | 3 | 284 | 284 | |
| Further issues: AIM | 318 | 318 | 300 | 300 | |
| PSM (new & further, UK & International) | - | - | 103 | 103 | |
| |||||
| COMPANIES ADMITTED | 17 | 17 | 30 | 30 | |
. | |||||
| Debt Money Raised (£m) | |||||
| Main Market UK | 10,974 | 10,974 | 12,426 | 12,426 | |
| Main Market International | 19,177 | 19,177 | 9,197 | 9,197 | |
| PSM (UK & International) | 353 | 353 | 2,148 | 2,148 | |
