Capital Markets

capital-markets-revenue-cht

Sub-segment	Main types of revenue	Customer profile	Highlights	KPIs

Primary	• Admission fees for initial listing or raising further capital • Annual fees for securities traded on our markets	Companies from 70 countries around the world have come to our markets to raise money for growth, together with issuers of bonds, ETFs and other assets	185 new companies joined our markets in the year New admission to trading service for Depositary Receipts	Number of companies on our markets 2,938 (2010: 3,046) Capital raised by new and further issues £40 billion (2010: £77 billion)
Secondary	• Fees based on value traded (UK equities and governments bonds) or number of trades (Italian equities, retail bonds and derivatives)	Banks and brokers worldwide, trading on the Group’s equities, derivatives and fixed income trading platforms	Share of trading stabilised during the year, at 63.5 per cent in the UK, and 84.0 per cent in Italy MTS, the trading platform for Government bonds, total value traded up 51 per cent	Average number of equity order book trades per day in Italy 257,000 (2010: 252,000) Average equity value traded per day in London £4.7 billion (2010: £4.6 billion)
Other	• Membership fees to access any of our trading markets, such as SETS	Banks and brokers worldwide	Integration of London and Italian markets has facilitated cross-membership	Member firms connected to our markets 532 (2010: 530)