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LSEG: Monthly Market Report – May 2011

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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 May, a total of 27.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £210.4 billion (€239.6 billion), down 19 per cent on May 2010 (£259.6 billion)…


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      UK Equities Order Book

      During the month, the average daily value traded on the UK order book was £5.4 billion (€6.1 billion), down 24 per cent year on year; the average daily number of trades reduced 16 per cent to 694,247.
      The LSE’s share of trading in the total UK order book for May was 64.7 per cent.

      Italian Equities Order book

      On the Italian order book, the average daily number of trades was 261,696, down 31 per cent on the same month last year, whilst the average daily value traded on the order book decreased 33 per cent year on year to €3.7 billion (£3.3 billion).

      Turquoise Cash Equities

      The average daily value traded on the Turquoise integrated book in May was €1.4 billion (£1.2 million), up eight per cent on the same month last year. The average daily number of trades was up 27 per cent, at 309,090.
      On the dark mid-point book, Turquoise traded an average daily value of €215 million (£188 million), up 24 per cent on May 2010.  The average daily number of midpoint dark trades was 29,631, an increase of over 13 per cent year on year.
      Turquoise share of Pan European trading for May was 4.2 per cent.

      Derivatives

      On the Group’s derivatives platforms, the total number of contracts traded was 10,142,225, down 11 per cent compared with May 2010.

      Exchange Traded Products

      Total value traded in Exchange Traded Products across the Group’s order books in May was down 13 per cent year on year, to £11.5 billion (€13.1 billion). The total number of trades was down 15 per cent at 401,437.

      Fixed income

      The average daily value traded on the MTS Cash markets during the month was up 31 per cent year on year, at €11.0 billion (£9.7 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 11 per cent year on year to €242.8 billion (£213.2 billion).
      The average daily value traded on the Group’s retail bond markets was €737 million (£647 million), down 33 per cent on the same month last year. The average daily number of trades was down 18 percent at 14,436.

      Source: ETFWorld – London Stock Exchange

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