London Stock Exchange Group Monthly Market Report - November 2010

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community, offering international business unrivalled access to Europe's capital markets. In November a total of 24.5 million trades were carried out across the Group's electronic equity order books with a combined value of £187.2 billion (€219.6 billion), up 14 per cent on November 2009 (21.4 million trades).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.5 billion (€5.3 billion), unchanged year on year; the average daily number of trades increased four per cent to 566,557.

The London Stock Exchange's share of trading in the total UK order book for November was 63.1 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 277,920, up eight per cent on the same month last year, whilst the average daily value traded on the order book increased two per cent year on year to €3.4 billion (£2.9 billion).

Borsa Italiana's share of trading in the total Italian order book for November was 82.1 per cent

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in November was €1.1 billion (£977 million) up six per cent on the same month last year. The average daily number of trades was up 18 per cent at 245,198.

On the dark mid-point book, Turquoise traded an average daily value of €148 million (£127 million), up 163 per cent on November 2009.  There were a total of 481,079 trades, an increase of 182 per cent year on year.

Turquoise share of lit trading in the total UK order book for November was 4.8 per cent. For dark trading its total UK order book share was 18.2 per cent.

Derivatives

On the Group's derivatives platforms, the total number of contracts traded was 6,981,658, up 27 per cent compared with October.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group's order books in November was up 52 per cent year on year to £11.8 billion (€13.8 billion). The total number of trades was also up 39 per cent reaching 436,994.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up four per cent year on year at €12.1 billion (£10.3 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 66 per cent year on year to €237 billion (£203 billion).

The average daily value traded on the Group's retail bond markets was €1.1 billion (£923 million), up 31 per cent on the same month last year. The average daily number of trades was up 69 percent at 21,177.

Additional Information:

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.

Figures for the UK and Italian order books include cash equity trades in domestic and international equities, Exchange traded products and Securitised Derivatives.

There were 22 trading days on the London Stock Exchange and Borsa Italiana, one more than November 2009.

The November 2010 value traded figures use a € per £ exchange rate of 1.17.  The exchange rate used for November 2009 was 1.11.

About London Stock Exchange:

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services. 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at http://www.londonstockexchangegroup.com/