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LSE: January average daily value traded up 14 per cent

londra hp

-Trading growth in Italian equities, fixed income and ETFs and ETCs

 

The average daily value traded across London Stock Exchange Group’s equity markets during January increased 14.

            per cent year on year to £7.1 billion (€8.0 billion).  The average daily number of trades was 831,892, six per cent lower than January 2009.

             

            Increased trading activity in the Italian equity market and higher FTSE MIB index levels led to 46 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 seven per cent.

             

            A number of the Group’s other markets recorded good performances during the month, with trading in MTS and in ETFs and ETCs showing strong growth. On the MTS Cash markets the average daily value traded more than doubled, reaching €11.9 billion (£10.5 billion), a 103 per cent increase on January 2009.  The average daily number of trades and the average daily value traded in ETCs and ETFs across the Group grew 85 per cent and 50 per cent respectively.

            UK Cash Equities

            During January, the total value traded on the UK order book was £83.9 billion (€95 billion) and the total number of trades was 11.1 million.

            The average daily value traded on the UK equity order book was £4.2 billion (€4.8 billion), a decrease of three per cent year on year, while the average daily number of trades was down 12 per cent at 553,978.

            Italian Cash Equities

            On the Italian equity order book, the total number of trades was 4.5 million and the total value traded was €50.3 billion (£44.4 billion).

            The average daily number of trades in Italian equities was 227,319, up seven per cent on the same month last year. The average daily value traded during the month also grew, reaching €2.5 billion (£2.2 billion), a 46 per cent increase on last year.

            International Cash Equities

            The average daily value traded in international stocks on the Group’s equity order books was up 116 per cent year on year, totalling £679 million (€769 million), while the average daily number of trades was 50,594, up 36 per cent on last January.

            ETFs and ETCs

            Trading in ETFs and ETCs during the month was strong, with the average daily number of trades up 85 per cent year on year, totalling 16,773. The average daily value traded was up by 50 per cent to £419 million (€474 million). January was the 2nd highest month of all time for both trades and turnover.

            Derivatives

            The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was up 16 per cent on January 2009, at 417,686.  The average daily value traded on IDEM was up 41 per cent at €2.9 billion (£2.5billion), while the daily number of contracts traded was down seven per cent at 117,798. On EDX, the end of the linked exchange agreement with Nasdaq OMX and the consequent stoppage of trading in linked Swedish index products has significantly affected daily notional value traded. Nevertheless, the average daily number of contracts traded was up 29 per cent to 299,889.

            Fixed income

            Trading on the MTS Cash markets remained strong, with the average daily value traded during the month up by 103 per cent year on year at €11.9 billion (£10.5 billion), while on the MTS Repo market, the average term adjusted daily value traded increased by 73 per cent year on year to €214.3 billion (£189.2 billion).

            The average daily value traded during January on MOT, Borsa Italiana’s retail fixed income market, was €846 million (£747 million), a year on year decrease of 15 per cent. The average daily number of trades was 22 per cent lower than the same month last year at 13,721.

            The January 2010 value traded figures use a € per £ exchange rate of 1.13. The exchange rate used for January 2009 was 1.11


            BORSA ITALIANA – LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING

             

             

            January 2010

             

            January 2009

             

             

            Totals

             

             

            Trades

            Value Traded £m

            Value Traded €m

             

            Trades

            Value Traded £m

            Value Traded €m

            UK equities

             

            11,079,567

            83,925

            95,039

             

            13,282,849

            90,786

            98,874

            Italian equities

             

            4,546,384

            44,405

            50,286

             

            4,451,731

            33,184

            36,141

            International equities

             

            1,011,879

            13,573

            15,370

             

            779,216

            6,594

            7,181

            ETFs & ETCs

             

            335,468

            8,379

            9,489

             

            190,449

            5,879

            6,403

            Securitised Derivatives

             

            114,881

            868

            983

             

            167,416

            818

            890

            Derivatives (EDX & IDEM)

             

            8,353,721

            55,230

            62,546

             

            7,537,207

            85,538

            93,159

            MOT

             

            274,423

            14,940

            16,919

             

            369,617

            19,270

            20,987

            MTS Cash

             

            37,381

            210,595

            238,486

             

            26,173

            113,421

            123,526

            MTS Repo

             

            43,562

            3,784,986

            4,286,265

             

            49,798

            2,383,889

            2,596,283

             

             

            Average daily

            UK equities

             

            553,978

            4,196

            4,752

             

            632,517

            4,323

            4,708

            Italian equities

             

            227,319

            2,220

            2,514

             

            211,987

            1,580

            1,721

            International equities

             

            50,594

            679

            769

             

            37,106

            314

            342

            ETFs & ETCs

             

            16,773

            419

            474

             

            9,069

            280

            305

            Securitised Derivatives

             

            5,744

            43

            49

             

            7,972

            39

            42

            Derivatives (EDX & IDEM)

             

            417,686

            2,762

            3,127

             

            358,915

            4,073

            4,436

            MOT

             

            13,721

            747

            846

             

            17,601

            918

            999

            MTS Cash

             

            1,869

            10,530

            11,924

             

            1,246

            5,401

            5,882

            MTS Repo

             

            2,178

            189,249

            214,313

             

            2,371

            113,519

            123,633

             

             

             

             

             

             

             

             

             

             

             

            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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