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Today London Stock Exchange celebrated ten years of trading on its International Order Book (IOB). Launched in 2001, the IOB is now home to over 315 stocks, from 48 countries in Asia, Central and Eastern Europe and the Middle East. Over £40.6 billion has been raised in primary and secondary issues since the market was founded and the IOB is now the world's most liquid market for trading in Global Depository Receipts (GDRs).
This year also marks the fifth anniversary of trading in Russian derivatives on the Group's Derivatives platform. Now part of Turquoise Derivatives, the platform has established itself as the leading international marketplace for trading Russian equity and index derivatives, representing approximately 90 per cent of all globally exchange-traded options.
As part of the celebrations, the London Stock Exchange is today hosting a ‘Russia in Global Markets' event. Senior representatives from both the Russian and European financial markets will meet to discuss a wide range of topics exploring Russia's capital markets, international relationships and investment opportunities.
To mark the occasion, Dmitry Pankin, Head of the Russian regulator, Federal Financial Markets Service (FFMS), was welcomed by the London Stock Exchange to open London trading in a market open ceremony this morning at 8am.
Nicolas Bertrand, Head of Equities and Derivatives Markets at London Stock Exchange Group:
"The International Order Book has been a huge success story. It has demonstrated tremendous growth since its inception in 2001 and has firmly established itself as the world's most liquid market for trading in Global Depositary Receipts. The continued interest from global companies looking to list their GDRs on London Stock Exchange Group markets illustrates the growing international reputation of the IOB.
"The introduction five years ago of derivatives based upon highly liquid GDRs has also helped to boost liquidity on the order book, contributing to the Group's position as the leading international gateway to Russia."
From today a new monthly factsheet on the IOB will be posted on the London Stock Exchange website. To view October's trading figures, please follow the below link:
http://www.londonstockexchange.com/statistics/trading/international-order-book/international-order-book.htm
London Stock Exchange's specialist website dedicated to Russia and the CIS also has a range of helpful statistics: http://www.russianipo.com/statistics.php
