March proved to be a record month for PLUS with trading activity hitting new highs on the UK’s newest stock exchange.
Monthly trading activity
March saw 909,511 trades, an increase of 149% on March 08. Trade value reached an all-time high of almost £5 billion, up 63.79% against last year. Year-on-year, the number of shares traded rose 122% to a record 6.394 billion shares traded on PLUS.
Q1
Quarter figures showed a huge increase on last year with 16.5 billion shares traded valued at £12.489 billion from 2.4 million trades. Both the number of shares and bargains traded showed annual quarterly gains of well over 100 per cent.
Trading highlights
March also saw average daily trades at 41,341 – the highest ever on PLUS. Other trading highs include gains not only in the small and mid-caps, but in the large caps. Notably the month saw PLUS secure 23.48% market share by trade value in Lloyds Banking Group stock during a particularly busy month for retail trading in financial stocks.
|
Name |
Market Share % in Value (March 2009) |
Market Share % in Value (February 2009) |
Market Share % in Value (January 2009) |
|
LLOYDS BANKING GROUP |
23.48% |
20.16% |
14.56% |
|
ROYAL BANK OF SCOTLAND
GROUP |
23.03% |
22.41% |
17.35% |
|
BARCLAYS |
18.74% |
18.72% |
15.15% |
Strong March figures followed solid gains in February, when PLUS Markets attracted 7.53% of all UK equity trading activity according to the Thomson Reuters MiFID Market Share Report, making PLUS the third largest trading venue in the UK.*
Business Development Director, Cyril Théret said: “Our Q1 trading activity clearly demonstrates PLUS’ ability to offer an attractive and effective trading venue in the most competitive conditions and challenging environment. We are particularly pleased that PLUS is growing market share in competition with established exchanges and other MTFs.”
* http://about.reuters.com/productinfo/compliance/mifid/material/MarketShareReport_February2009.pdf
Background
:PLUS Markets is an independent stock exchange in London, with “Recognised Investment Exchange” status, and classed as a Market Operator under MiFID. Its offering includes the full range of stock exchange activities, namely: trading execution, the provision of proprietary market data and listing/quotation destinations. PLUS currently trades over 7,500 securities on its platform including London-listed shares (including the FTSE 100), European liquid shares, and unlisted shares quoted on the AIM and PLUS markets.
|
Month |
Bargains |
Trade value |
Number of shares |
|
August 2008 |
278,638 |
£2,241.036
m |
1,538.692
m |
|
September 2008 |
555,958 |
£4,447.33 m |
2,650.07
m |
|
October 2008 |
806,575 |
£4,382.21
m |
3,278.69
m |
|
November 2008 |
524,919 |
£3,035.45
m |
2,745.61
m |
|
December 2008 |
439,603 |
£2,546.84 m |
2,420.83
m |
|
January 2009 |
781,485 |
£3,781.31 m |
4,994.16
m |
|
February 2009 |
708,943 |
£3,731 m |
5,196.82
m |
|
March 2009 |
909,511 |
£4,975.94
m |
6,394.37
m |
PLUS Trading Activity
Q1 2009|
|
Mar-09 |
Mar-08 |
% gain |
Q1 09 |
Q1 08 |
% gain |
|
Bargains |
909,511 |
364,030 |
149.85% |
2,399,939 |
1,115,515 |
115.14% |
|
Value |
£4,975,945,621 |
£3,038,038,528 |
63.79% |
£12,489,158,470 |
£8,829,492,228 |
41.45% |
|
Shares |
6,394,369,299 |
2,879,979,324 |
122.03% |
16,585,350,170 |
6,256,444,120 |
165.09% |
