During September, there was month on month growth in trading activity on London Stock Exchange Group’s equity, derivatives and fixed income markets.
The average daily value traded on the Group’s equity markets during September increased 27 per cent on August to £7.9 billion (€8.9 billion), while the average daily number of contracts traded on the Group’s derivatives markets and the average daily value traded on the MTS Cash markets were up 59 per cent and 52 per cent on August respectively.
Year on year comparisons were impacted by significant volatility in September
2008, with value traded in equities down 43 per cent. Nevertheless,
derivatives trading remained stable and fixed income, both MOT and MTS, showed
strong year on year growth.
UK Cash Equities
The average daily value traded on the UK order book during September was £4.0 billion (€4.4 billion), up by ten per cent month on month following the introduction of a new, simplified fee structure on the UK order book, though down by 55 per cent year on year. The total value traded was £87.2 billion (€97.8 billion).
The average daily number of trades increased by one per cent compared with
the average for August, but decreased by 40 per cent year on year to 534,450.
The total number of UK equity trades during the month was 11.8 million.
Italian Cash Equities
On the Italian equity order book the average daily value traded in September was ahead of the average for August by 46 per cent, though it was down 26 per cent year on year at €3.7 billion (£3.3 billion). The total value traded during the month was €81.4 billion (£72.6 billion).
There was a ten per cent month on month increase in the average daily number
of trades in Italian equities, with 238,021 trades per day. This was 17 per cent
lower than September 2008. The total number of trades during the month was
5.2 million.
International Cash Equities
The average daily value traded on the Group’s international equity order
books was £650 million (€729 million), a decrease of 36 per cent on the same
month last year, but up 43 per cent on August. The average daily number of
trades was 53,134, a decline of eight per cent year on year.
ETFs and ETCs
Trading in ETFs and ETCs was strong, with the average daily number of trades
more than doubling, up by 105 per cent year on year to 14,412. The average
daily value traded was up by 25 per cent to £372 million (€418 million).
Derivatives
The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was up 59 per cent on August, and stable compared to the previous September at 495,201. The average daily notional value traded was £5.0 billion (€5.6 billion), 29 per cent lower than the same month last year.
EDX London achieved a strong performance during September, recording its
second busiest month ever, with 6.5 million contracts traded across its
Russian and Scandinavian products, including a record 4.2 million Russian
stock options. Trading in the FTSE Russia IOB Index grew for the
third consecutive month, with 3,871 contracts traded, making September the
busiest month since May 2007.
Fixed income
MOT, Borsa Italiana’s retail fixed income market, recorded a 20 per cent year on year growth in total value traded at €17.8 billion (£15.9 billion). The total number of trades during the month was 271,794, up three per cent on last year.
Trading on the MTS Cash markets remained strong, with the average daily value
traded up by 46 per cent year on year at €10.5 billion (£9.4 billion), while
on the MTS Repo market, the average term adjusted daily value traded increased
by 77 per cent year on year to €185.7 billion (£165.5 billion).
Additional Information:
To view suppoting statistics for September 2009 click here.
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.
There were 22 trading days on the London Stock Exchange and Borsa Italiana during September 2009, the same as during the previous year.
During September, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 571,788, down 39 per cent on September 2008. The average daily value traded was £4.6 billion, a decrease of 53 per cent year on year.
Primary market data for September will be available on the websites of London Stock Exchange and Borsa Italiana later in the month.
The September 2009 value traded figures use a € per £ exchange rate of 1.12. The exchange rate used for September 2008 was 1.25.
