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London Stock Exchange Group was last night recognised as the leading exchange in Europe for ETF trading by number of trades at the exchangetradedfunds.com 5th Annual Global ETF Awards.
Pietro Poletto, Head of ETF and ETC markets at the London Stock Exchange Group, said:
“The merger between the London Stock Exchange and Borsa Italiana has given issuers and investors access to a large, liquid and diverse market for ETFs, with over 500 trading members across the Group representing a broad mix of institutional investors, high frequency traders and private investors. This award recognises that we provide Europe's deepest pool of liquidity for both ETF issuers and investors.”
London Stock Exchange Group offers access to 200 ETFs in London and more than 300 in Milan. The two markets will be further integrated later this year when Borsa Italiana’s ETFPlus market is migrated onto the Group’s TradElect trading platform. From this point the Group’s entire ETF, ETC and Exchange Traded Note offering will be traded on a single platform, generating new trading opportunities and greater efficiency for the market as a whole.
The Group’s ETF and ETC markets have continued to grow strongly. During the first three months of 2009, there were 637,125 electronic trades in ETFs and ETCs across the Group, worth a combined total of £20 billion (€22 billion). This was an increase of 27 per cent in the total value traded compared with the same period last year, and of 28 per cent in the total number of trades. In 2008, there were 1.8 million electronic trades in ETFs and ETCs, worth a combined total of £66 billion (€82 billion).
