ETFWorld.co.uk

LSE: Over 13 million electronic equity trades in December

UK_YORK_MINSTER

During December, 13.3 million equity trades, with a combined value of £108.4 billion (€120.5 billion), were carried out across the electronic order books of ….

    London Stock Exchange Group during December. The average daily number of trades was 640,169, 18 per cent lower than December 2008, while the average daily value traded was £5.2 billion (€5.8billion), a decrease of six per cent on the same month last year. A number of the Group’s other markets recorded strong performances during the month, with the average daily number of trades in ETFs and ETCs growing by 75 per cent and the average daily value traded on the MTS cash markets increasing by 79 per cent.

    UK Cash Equities

    During the month, the average daily value traded on the UK equity order book was £3.1 billion (€3.5 billion), a decrease of 19 per cent year on year, while the average daily number of trades was 426,732, down 24 per cent on the same month last year.

     

    The total value traded on the UK order book in December was £65.7 billion (€73.0 billion) and the total number of trades was 9.0 million.

     

    Italian Cash Equities

     

    On the Italian equity order book, the average daily number of trades in December was 173,235, down six per cent year on year. The average daily value traded during the month was up 17 per cent on last year, reaching €1.8 billion (£1.6 billion).

     

    The total number of trades was 3.5 million, slightly down on last year, while the total value traded was €35.7 billion (£32.1 billion), up 23 per cent on December last year.

     

    International Cash Equities

     

    During December, the average daily value traded in international stocks on the Group’s equity order books was up 59 per cent year on year at £511 million (€568 million). The average daily number of trades was 40,201, an increase of 23 per cent on December 2008.

     

    ETFs and ETCs

     

    Trading in ETFs and ETCs continued to grow, with the average daily number of trades in December up by 75 per cent year on year to 13,534.  The average daily value traded was up 17 per cent to £354 million (€393 million).

     

    Derivatives

     

    The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was down 19 per cent on December 2008, at 253,657.  The average daily notional value traded was £2.9 billion (€3.2 billion), down 40 per cent on the same month the previous year. During 2009 as a whole, a record 42.6 million contracts were traded on IDEM, a 19 per cent increase on 2008.

     

    Fixed income

     

    Trading on the MTS Cash markets remained strong, with the average daily value traded during the month up by 79 per cent year on year at €9.4 billion (£8.5 billion), while on the MTS Repo market the average term adjusted daily value traded increased by 46 per cent year on year to €176.1 billion (£158.4 billion).

     

    On MOT, Borsa Italiana’s retail fixed income market, the average daily value traded during December was €698 million (£628 million), a 12 per cent year on year decrease, while the average daily number of trades was 21 per cent lower than the same month last year at 10,971.  Nevertheless the calendar year as a whole showed a 30 per cent increase in value traded.

     

    – ends –

     

    For further information, please contact:

    Alastair Fairbrother +44 (0)20 7797 1222

     

    Anna Mascioni +39 02 72426 212

     

    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.

     

    There were 21 trading days on the London Stock Exchange during December 2009, the same as the previous year, while on Borsa Italiana there were 20 trading days, one more than during December 2008.

     

    During December, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 457,439 down 22 per cent on December 2008.  The average daily value traded was £3.6 billion, a decrease of 14 per cent year on year.

    Primary market data for December will be available on the websites of London Stock Exchange and Borsa Italiana later in the month.

    The December 2009 value traded figures use a € per £ exchange rate of 1.11. The exchange rate used for December 2008 was 1.11.

     


    BORSA ITALIANA – LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING

     

     

    December 2009

     

    December 2008

     

     

    Totals

    Trades

    Value Traded £m

    Value

    Traded €m

     

    Trades

    Value Traded £m

    Value

    Traded €m

    UK equities

     

    8,961,382

    65,708

    73,031

     

    11,819,023

    81,538

    90,149

    Italian equities

     

    3,464,707

    32,103

    35,681

     

    3,489,542

    26,243

    29,015

    International equities

     

    833,115

    10,634

    11,819

     

    667,201

    6,632

    7,333

    ETFs & ETCs

     

    273,694

    7,240

    8,047

     

    151,137

    5,936

    6,563

    Securitised Derivatives

     

    98,740

    633

    703

     

    144,447

    777

    859

    Derivatives (EDX & IDEM)

     

    5,073,137

    57,976

    64,438

     

    5,949,463

    91,805

    101,501

    MOT

     

    219,428

    12,559

    13,959

     

    264,740

    13,697

    15,144

    MTS Cash

     

    31,530

    169,037

    187,878

     

    21,431

    90,447

    99,999

    MTS Repo

     

    46,781

    3,168,130

    3,521,251

     

    45,961

    2,070,229

    2,288,871

     

    Average daily

    UK equities

     

    426,732

    3,129

    3,478

     

    562,811

    3,883

    4,293

    Italian equities

     

    173,235

    1,605

    1,784

     

    183,660

    1,381

    1,527

    International equities

     

    40,201

    511

    568

     

    32,706

    320

    354

    ETFs & ETCs

     

    13,534

    354

    393

     

    7,754

    302

    334

    Securitised Derivatives

     

    4,937

    32

    35

     

    7,602

    41

    45

    Derivatives (EDX & IDEM)

     

    253,657

    2,899

    3,222

     

    313,130

    4,832

    5,342

    MOT

     

    10,971

    628

    698

     

    13,934

    721

    797

    MTS Cash

     

    1,577

    8,452

    9,394

     

    1,128

    4,760

    5,263

    MTS Repo

     

    2,339

    158,407

    176,063

     

    2,419

    108,959

    120,467

     

     

     

     

     

    January to December 2009

     

    January to December 2008

     

     

    Totals

     

    Trades

    Value Traded £m

    Value

    Traded €m

     

    Trades

    Value Traded £m

    Value

    Traded €m

    UK equities

     

    148,370,280

    1,025,255

    1,150,054

     

    186,634,578

    1,883,494

    2,390,795

    Italian equities

     

    60,072,259

    575,438

    645,992

     

    65,869,234

    781,981

    993,682

    International equities

     

    11,897,071

    129,495

    145,339

     

    11,102,996

    199,874

    253,761

    ETFs & ETCs

     

    3,195,797

    86,901

    97,453

     

    1,803,549

    65,582

    82,441

    Securitised Derivatives

     

    1,904,179

    9,170

    10,280

     

    2,702,042

    17,976

    22,818

    Derivatives (EDX & IDEM)

     

    105,347,805

    963,564

    1,080,472

     

    95,768,182

    1,471,296

    1,860,629

    MOT

     

    3,548,265

    204,087

    228,860

     

    3,050,774

    140,720

    176,518

    MTS Cash

     

    390,350

    1,873,584

    2,101,338

     

    437,602

    1,797,647

    2,295,897

    MTS Repo

     

    541,377

    32,701,348

    36,674,579

     

    620,679

    25,759,746

    32,385,477

     

    Average daily

    UK equities

     

    586,444

    4,052

    4,546

     

    734,782

    7,415

    9,413

    Italian equities

     

    236,505

    2,266

    2,543

     

    260,353

    3,091

    3,928

    International equities

     

    46,964

    511

    574

     

    43,766

    787

    1,000

    ETFs & ETCs

     

    12,593

    343

    384

     

    7,123

    259

    325

    Securitised Derivatives

     

    7,497

    36

    40

     

    10,680

    71

    90

    Derivatives (EDX & IDEM)

     

    416,716

    3,804

    4,266

     

    378,530

    5,815

    7,354

    MOT

     

    13,970

    803

    901

     

    12,058

    556

    698

    MTS Cash

     

    1,537

    7,376

    8,273

     

    1,730

    7,105

    9,075

    MTS Repo

     

    2,131

    128,745

    144,388

     

    2,453

    101,817

    128,006

     

    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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