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London Stock Exchange: Value Traded On SETS Up 52 Per Cent In April

Date 10/05/2006

Trading on the London Stock Exchange during April continued its very strong growth trends. The average daily value of trades on SETS during April was up 52 per cent year on year to £6 billion, while the average daily number of trades increased 42 per cent to 283,908.

Included in the SETS figures, SETSmm and the International Order Book both achieved excellent growth. SETSmm had a record month, with the average daily number of trades up 121 per cent on April 2005 to 57,223, and the average daily value traded up 96 per cent to £476.8 million. On the International Order Book, the average daily value traded increased 211 per cent on April 2005 to £250.6 million and the average daily number of trades increased 123 per cent to 2,469.

In total, the average daily value traded in UK equities was up 40 per cent on April last year to £13.4 billion, while the average daily number of trades was up 36 per cent to 337,145.

ETF trading continued to set new records. The average daily value traded was up 137 per cent on April last year to £71.5 million, taking the total value traded during the month to £1.3 billion. The average daily number of ETF trades increased 177 per cent on the same month last year to 1,327.

The value traded in covered warrants and structured products during the month amounted to £107.6 million, a huge increase on the £12.2 million traded during April 2005.

There were nine IPOs on the Exchange's Main Market in April, which raised £325.8 million between them. This included three IPOs from international companies, which raised a total of £152.4 million. AIM attracted 26 IPOs during April, raising £1.0 billion between them. Of these, seven were IPOs from international companies, which raised a total of £308.6 million.

RNS, the Exchange's service for the dissemination of company news, transmitted an average of 762 announcements per day, up 25 per cent on April 2005. An average of 273 news and results announcements were disseminated each day, representing an 86 per cent share of all company news and results announcements made in the UK.

There were 18 trading days during April 2006, three fewer than April 2005.

Background:

  • About the London Stock Exchange

    The London Stock Exchange is the world’s premier international equity exchange and a leading provider of services that facilitate the raising of capital and the trading of shares.

    The London Stock Exchange is the most international equities exchange by trading in the world and Europe's largest pool of liquidity. By the end of 2005, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £4.1 trillion, with £5.2 trillion of equity business transacted over the year.

    The London Stock Exchange is a Recognised Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.

    Companies considering flotation have a choice of markets:

      AIM
      AIM is the London Stock Exchange’s international market specifically designed for smaller, growing companies, combining the benefits of a public flotation with appropriate levels of regulation.

      Main Market
      The London Stock Exchange’s Main Market for established companies seeking international recognition is one of the world’s best known, longest-established and most liquid markets. It is home to some of the world’s largest and most successful companies, giving them access to one of the deepest pools of capital in the world.

      Professional Securities Market
      The Professional Securities Market was established in July 2005, to coincide with the introduction of the FSA's new Listing Rules. PSM provides a solution for those issuers seeking to list securities in London without having to re-state their financial information to IFRS or follow the additional requirements of an offering to retail investors. Debt securities or depository receipts of any denomination may be listed on PSM on production of a prospectus aimed at a wholesale or professional audience.
  • IPO

    An IPO or Initial Public Offering is when a new company joins one of our markets and raises capital by issuing shares. This excludes transfers and introductions (when companies join the market without raising money).


  • Indices
    Indices are calculated and managed by FTSE Group, a world-leader in the creation and management of global equity indices. The FTSE Group is jointly owned by the London Stock Exchange and the Financial Times, but operates as a wholly autonomous company.

    For information about the company or any FTSE indices, please contact media@ftse.com

  • SETS – the electronic order book

    It is over eight years since the launch of SETS and the service continues to go from strength to strength. Overall, the market is benefiting from tighter spreads and greater liquidity. Usage of SETS continues to grow, as shown by recent record increases in the number of orders entered, the number of firms using the order book and order book share of business.

  • SETSmm

    SETSmm is the Exchange’s successful trading service for FTSE 250 and other leading non order book securities. By combining the best features of the existing SETS and SEAQ trading services, SETSmm appeals to market users who want to trade electronically, as well as those customers who use the market making system.

  • Retail Trading Figures

    Retail trading figures are available from our website at –
    www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat
    Figures are available from November 2002 to date.

LONDON STOCK EXCHANGE - MONTHLY FACTSHEET FIGURES
2006

April 2006April 2005
DOMESTIC EQUITY TRADINGMonth Year to dateMonth Year to date
Equity Trading Value (£m)241,6311,101,981201,283822,841
Number of Equity Trades6,068,61827,034,8075,206,21520,440,487
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m)233,0991,172,141205,538831,551
Number of Equity Trades1,284,0107,059,3951,286,5544,982,794
ORDER BOOK TRADING
Order Book Value (£m)108,021483,15582,745320,041
Order Book Trades5,110,34322,516,5524,202,19116,255,319

April 2006 April 2005
DOMESTIC MARKET CAPITALISATION (£bn) 1,967 1,483
TOTAL NUMBER OF COMPANIES 3,169 2,942
Main Market UK1,332 1,435
Main Market International326 341
of which techMARK 145 161
AIM1,501 1,166
Professional Securities Market (Equity only)10 -

April 2006April 2005
MONEY RAISED (£m)Month Year to dateMonth Year to date
Equity Money Raised:
New issues: Main Market UK1951,318205792
New issues: Main Market International1522,552191,034
New issues: AIM1,0933,146418954
Further issues: Main Market UK6801,7223461,576
Further issues: Main Market International287616-69
Further issues: AIM8131,990243591
PSM (new & further, UK & International)-527--
COMPANIES ADMITTED4819659211
Debt Money Raised (£m)
Main Market UK9,65346,14014,48151,324
Main Market International22,91268,55210,28332,571
PSM ( PSM (UK & International)9696,950--