ETFWorld.co.uk

LSE: 16.4 million electronic equity trades in November

UK_PARLIAMENT

Year on year trading growth in Italian equities, derivatives, fixed income and ETFs and ETCs …

A total of 16.4 million equity trades with a combined value of £149.0 billion (€165.7 billion) were carried out across the electronic order books of London Stock Exchange Group during November.  The average daily number of trades was 781,875, 21 per cent lower than November 2008, while the average daily value traded was £7.1 billion (€7.9billion), a decrease of seven per cent on the same month last year.

Increased trading activity in the Italian equity market and a recovery in the FTSE MIB index led to 38 per cent year on year growth in the average daily value traded on the Italian equity order book, while the average daily number of trades was up three per cent.  A number of the Group’s other markets also recorded strong performances during the month, with the total number of trades in derivatives, ETFs and ETCs, and on the MTS cash markets growing by 77 per cent, 91 per cent and 60 per cent respectively on last year.

 

UK Cash Equities

 

The total value traded on the UK order book in November was £80.4 billion (€89.4 billion) and the total number of trades was 10.7 million.

During the month, the average daily value traded on the UK equity order book was £3.8 billion (€4.3 billion), a decrease of 29 per cent year on year, while the average daily number of trades was 509,078, down 30 per cent on the same month last year.

 

Italian Cash Equities

 

On the Italian equity order book, the average daily value traded was up 38 per cent on last year, reaching €2.9 billion (£2.6 billion). The average daily number of trades was 223,933, up three per cent year on year.

The total number of trades was 4.7 million and the total value traded was €61.7 billion (£55.5 billion), year on year increases of eight and 45 per cent respectively.

 

International Cash Equities

 

The average daily value traded in international stocks on the Group’s equity order books was up 28 per cent year on year, totalling £621 million (€691 million). The average daily number of trades was 48,865, an increase of ten per cent on last November.

 

ETFs and ETCs

 

Trading in ETFs and ETCs was strong, with the average daily number of trades up by 82 per cent year on year to 14,935.  The average daily value traded was up 56 per cent to £369 million (€411 million).

 

Derivatives

 

The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was up 69 per cent on last year at 508,607.  The average daily notional value traded was £4.1 billion (€4.6 billion), seven per cent lower than the same month last year.  On EDX, the Open Interest on Russian options reached a record 20.5 million.

 

Growth on IDEM has been particularly marked. So far this year, a total of 40.5 million contracts have been traded on IDEM, a 20 per cent increase on the same period last year, with the number of trades in November nearly doubling year on year, up by 98 per cent to 253,094.  Between January and November 2009, stock options grew by 11 per cent compared to the same period last year, to around 20.8 million standard contracts, while stock futures increased by 148 per cent, totalling around 10.8 million standard contracts.  November 2009 itself marked a new record for standard contracts in stock futures, totalling 3.0 million contracts, a 578 per cent increase on October 2009 and up 637 per cent on November 2008.

 

Fixed income

 

Trading on the MTS Cash markets remained strong, with the average daily value traded more than doubling, up by 113 per cent year on year at €11.6 billion (£10.4 billion), while on the MTS Repo market the average term adjusted daily value traded increased by 22 per cent year on year to €143.1 billion (£128.7 billion).

On MOT, Borsa Italiana’s retail fixed income market, the average daily value traded was €811 million (£729 million), a six per cent year on year decrease, while the average daily number of trades was 12,313, 17 per cent lower than the same month last year.

BORSA ITALIANA – LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING

 

 

November 2009

 

November 2008

 

 

Totals

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

10,690,629

80,405

89,446

 

14,460,167

107,540

129,468

Italian equities

 

4,702,598

55,503

61,744

 

4,349,418

35,433

42,658

International equities

 

1,026,156

13,051

14,518

 

891,388

9,732

11,717

ETFs & ETCs

 

313,625

7,751

8,622

 

164,123

4,735

5,700

Securitised Derivatives

 

153,733

955

1,063

 

166,970

703

847

Derivatives (EDX, IDEM)

 

10,680,745

86,245

95,943

 

6,029,981

87,939

105,869

MOT

 

258,579

15,301

17,021

 

295,722

14,318

17,238

MTS Cash

 

36,079

219,386

244,054

 

22,547

90,682

109,173

MTS Repo

 

44,775

2,701,913

3,005,720

 

47,598

1,956,400

2,355,314

 

Average daily

UK equities

 

509,078

3,829

4,259

 

723,008

5,377

6,473

Italian equities

 

223,933

2,643

2,940

 

217,471

1,772

2,133

International equities

 

48,865

621

691

 

44,569

487

586

ETFs & ETCs

 

14,935

369

411

 

8,206

237

285

Securitised Derivatives

 

7,321

45

51

 

8,349

35

42

Derivatives (EDX, IDEM)

 

508,607

4,107

4,569

 

301,499

4,397

5,293

MOT

 

12,313

729

811

 

14,786

716

862

MTS Cash

 

1,718

10,447

11,622

 

1,127

4,534

5,459

MTS Repo

 

2,132

128,663

143,130

 

2,380

97,820

117,766

 

 

 

 

 

January to November 2009

 

January to November2008

 

 

Totals

 

Trades

Value Traded £m

Value

Traded €m

 

Trades

Value Traded £m

Value

Traded €m

UK equities

 

139,408,898

959,548

1,077,022

 

174,815,555

1,801,956

2,300,646

Italian equities

 

56,607,552

543,335

610,311

 

62,379,692

755,738

964,667

International equities

 

11,063,956

118,861

133,519

 

10,435,795

193,241

246,428

ETFs & ETCs

 

2,922,103

79,662

89,406

 

1,652,412

59,646

75,877

Securitised Derivatives

 

1,805,439

8,537

9,577

 

2,557,595

17,199

21,958

Derivatives (EDX, IDEM)

 

100,274,668

905,588

1,016,034

 

89,818,719

1,379,490

1,759,128

MOT

 

3,328,837

191,528

214,901

 

2,786,034

127,023

161,374

MTS Cash

 

332,647

1,704,547

1,789,934

 

416,171

1,707,200

2,195,897

MTS Repo

 

494,596

29,533,217

33,153,328

 

574,718

23,689,516

30,096,606

 

Average daily

UK equities

 

600,900

4,136

4,642

 

750,281

7,734

9,874

Italian equities

 

241,913

2,322

2,608

 

266,580

3,230

4,123

International equities

 

47,557

512

575

 

44,729

829

1,057

ETFs & ETCs

 

12,512

342

384

 

7,068

255

325

Securitised Derivatives

 

7,716

36

41

 

10,930

73

94

Derivatives (EDX, IDEM)

 

430,725

3,882

4,356

 

384,868

5,905

7,530

MOT

 

14,226

818

918

 

11,906

543

690

MTS Cash

 

1,422

7,284

7,649

 

1,779

7,296

9,384

MTS Repo

 

2,114

126,210

141,681

 

2,456

101,237

128,618

 

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.

Source: ETFWorld – LSE

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