Press releases 2011
ETR - 42
7 April 2011
Monthly Market Report - March 2011
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 March a total of 31.6 million trades were carried out across the Group's electronic equity order books with a combined value of £233.9 billion (€269.9 billion), up 22 per cent on March 2010 (£191.8 billion).
UK Equities Order Book
During the month, the average daily number of trades increased 24 per cent year on year to 667,849; the average daily value traded on the UK order book was £5.2 billion (€6.0 billion), up seven per cent.
The LSE's share of total UK order book trading for March was 64.4 per cent.
Italian Equities Order book
On the Italian order book, the average daily number of trades was 322,606, up 29 per cent on the same month last year; the average daily value traded on the order book increased 34 per cent year on year to €3.8 billion (£3.3 billion).
Borsa Italiana's share of total Italian order book trading for March was 82.2 per cent.
Turquoise Cash Equities
It was a record month for average daily value traded on the Turquoise integrated book in March, with €1.6 billion (£1.4 billion) of trading, up 80 per cent on the same month last year. The average daily number of trades was up 92 per cent at 345,004.
On the dark mid-point book, Turquoise traded an average daily value of €259 million (£224 million), up 203 per cent on March 2010. There were a total of 844,784 trades, an increase of 151 per cent year on year.
Turquoise's total share of European order book trading for March was 4.3 per cent.
Derivatives
On the Group's derivatives platforms, the total number of contracts traded was 7,618,837, a 20 per cent increase compared with March 2010.
Exchange Traded Products
Total value traded in Exchange Traded Products across the Group's order books in March was up 50 per cent year on year to £13.2 billion (€15.2 billion). The total number of trades was up 42 per cent on the same period, reaching 490,495.
Fixed income
The average daily value traded on the MTS Cash markets during the month was up 12 per cent year on year at €12.4 billion (£10.7 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 25 per cent year on year to €286.9 billion (£248.6 billion).
The average daily number of trades on the Group's retail bond markets was down three per cent at 14,765, the average daily value traded was €714 million (£619 million), down 24 per cent on the same month last year.
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For further information, please contact:
Lauren Crawley-Moore +44 (0)20 7797 1222
Anna Mascioni +39 027 2426 211
newsroom@londonstockexchange.com
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 23 trading days on both the London Stock Exchange and Borsa Italiana in March 2011, the same as March 2010.
The March 2011 value traded figures use a € per £ exchange rate of 1.15. The exchange rate used for March 2010 was 1.10.
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 1,500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com
BORSA ITALIANA - LONDON STOCK EXCHANGE ELECTRONIC ORDER BOOK TRADING |
|||||||||
March 2011 |
March 2010 |
||||||||
Totals |
|||||||||
Trades |
Value Traded £m |
Value Traded €m |
Trades |
Value Traded £m |
Value Traded €m |
||||
UK order book |
15,360,531 |
120,358 |
138,896 |
12,342,791 |
112,281 |
124,534 |
|||
Italian order book |
7,419,940 |
76,624 |
88,426 |
5,752,560 |
59,397 |
65,880 |
|||
International Equities |
2,377,354 |
25,361 |
29,267 |
1,222,907 |
16,947 |
18,796 |
|||
ETFs & Other ETPs |
490,495 |
13,172 |
15,201 |
344,342 |
8,792 |
9,751 |
|||
Securitised Derivatives |
137,195 |
1,007 |
1,162 |
127,738 |
1,210 |
1,342 |
|||
Derivatives (EDX & IDEM) |
7,618,837 |
93,371 |
107,752 |
6,346,421 |
75,202 |
83,410 |
|||
Retail Bonds |
339,597 |
14,229 |
16,421 |
349,545 |
19,492 |
21,619 |
|||
MTS Cash |
54,582 |
246,397 |
284,348 |
43,840 |
228,648 |
253,602 |
|||
MTS Repo |
67,804 |
5,717,401 |
6,598,021 |
53,161 |
4,765,941 |
5,286,079 |
|||
Turquoise Integrated |
7,935,098 |
31,736 |
36,624 |
4,140,648 |
18,311 |
20,310 |
|||
Turquoise MidPoint |
844,784 |
5,161 |
5,956 |
336,292 |
1,774 |
1,968 |
|||
Average daily |
|||||||||
UK order book |
667,849 |
5,233 |
6,039 |
536,643 |
4,882 |
5,415 |
|||
Italian order book |
322,606 |
3,331 |
3,845 |
250,111 |
2,582 |
2,864 |
|||
International Equities |
103,363 |
1,103 |
1,272 |
53,170 |
737 |
817 |
|||
ETFs & Other ETPs |
21,326 |
573 |
661 |
14,971 |
382 |
424 |
|||
Securitised Derivatives |
5,965 |
44 |
51 |
5,554 |
53 |
58 |
|||
Derivatives (EDX & IDEM) |
331,254 |
4,060 |
4,685 |
275,931 |
3,270 |
3,627 |
|||
Retail Bonds |
14,765 |
619 |
714 |
15,198 |
847 |
940 |
|||
MTS Cash |
2,373 |
10,713 |
12,363 |
1,906 |
9,941 |
11,026 |
|||
MTS Repo |
2,948 |
248,583 |
286,870 |
2,311 |
207,215 |
229,830 |
|||
Turquoise Integrated |
345,004 |
1,380 |
1,592 |
180,028 |
796 |
883 |
|||
Turquoise MidPoint |
36,730 |
224 |
259 |
14,621 |
77 |
86 |
|||
January to March 2011 |
January to March 2010 |
||||||||
Totals |
|||||||||
Trades |
Value Traded £m |
Value Traded €m |
Trades |
Value Traded £m |
Value Traded €m |
||||
UK order book |
40,614,193 |
318,908 |
373,386 |
36,295,919 |
312,709 |
352,435 |
|||
Italian order book |
20,708,316 |
206,187 |
241,438 |
16,647,375 |
168,489 |
189,927 |
|||
International Equities |
5,898,115 |
66,326 |
77,649 |
3,290,008 |
43,928 |
49,472 |
|||
ETFs & Other ETPs |
1,353,425 |
34,467 |
40,351 |
991,989 |
25,730 |
29,011 |
|||
Securitised Derivatives |
401,701 |
3,205 |
3,757 |
376,086 |
3,053 |
3,438 |
|||
Derivatives (EDX & IDEM) |
19,691,156 |
214,047 |
250,272 |
17,752,047 |
189,185 |
213,022 |
|||
Retail Bonds |
1,016,631 |
42,452 |
49,752 |
934,804 |
52,431 |
59,083 |
|||
MTS Cash |
151,289 |
702,141 |
822,573 |
117,450 |
626,681 |
706,048 |
|||
MTS Repo |
184,325 |
15,424,533 |
18,061,690 |
139,684 |
12,184,692 |
13,720,276 |
|||
Turquoise Integrated |
19,154,040 |
77,726 |
90,940 |
12,372,673 |
54,143 |
61,053 |
|||
Turquoise MidPoint |
2,168,912 |
14,025 |
16,424 |
668,848 |
4,146 |
4,664 |
|||
Average daily |
|||||||||
UK order book |
644,670 |
5,062 |
5,927 |
576,126 |
4,964 |
5,594 |
|||
Italian order book |
323,567 |
3,222 |
3,772 |
264,244 |
2,674 |
3,015 |
|||
International Equities |
93,346 |
1,051 |
1,230 |
52,222 |
697 |
785 |
|||
ETFs & Other ETPs |
21,223 |
542 |
635 |
15,746 |
408 |
460 |
|||
Securitised Derivatives |
6,277 |
50 |
59 |
5,970 |
48 |
55 |
|||
Derivatives (EDX & IDEM) |
307,674 |
3,344 |
3,910 |
281,779 |
3,003 |
3,382 |
|||
Retail Bonds |
15,885 |
663 |
777 |
14,838 |
832 |
938 |
|||
MTS Cash |
2,364 |
10,971 |
12,853 |
1,864 |
9,947 |
11,207 |
|||
MTS Repo |
2,880 |
241,008 |
282,214 |
2,217 |
193,408 |
217,782 |
|||
Turquoise Integrated |
905,951 |
3,679 |
4,308 |
591,629 |
2,588 |
2,920 |
|||
Turquoise MidPoint |
102,936 |
668 |
782 |
31,249 |
196 |
220 |
|||
Figures for the UK and Italian order books include cash equity trades in domestic and international equities, Exchange traded products and Securitised Derivatives. For Derivatives, the values used are notional values while "trades" refer to contracts traded. Value traded figures for MTS Repo are term-adjusted, and totals for MTS Cash include BondVision. |
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