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Investing

Monthly Market Report – June 2011

Global Banking And Finance 1 News

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 June a total of 29.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £201.8 billion (€227.4 billion), down three per cent on June 2010 (£207.1 billion).
UK Equities Order Book
During the month, the average daily value traded on the UK order book was £4.7 billion (€5.3 billion), down seven per cent year on year; the average daily number of trades was up four per cent to 663,587.
The LSE’s share of trading in the total UK order book for June was 65.3 per cent.
Italian Equities Order book
On the Italian order book, the average daily number of trades was 263,972, down six per cent on the same month last year, whilst the average daily value traded on the order book decreased 17 per cent year on year to €3.2 billion (£2.9 billion).
Turquoise Cash Equities
The average daily value traded on the Turquoise integrated book in June was €1.6 billion (£1.4 billion) up 38 per cent on the same month last year. The average daily number of trades was up 53 per cent at 365,604.
On the dark mid-point book, Turquoise traded an average daily value of €201 million (£178 million), up one per cent on June 2010.  There were an average daily total of 28,118 trades, a decrease of 14 per cent year on year.
Turquoise share of Pan European trading for June was 5.0 per cent.
Derivatives
On the Group’s derivatives platforms, the total number of contracts traded was 8.8 million down eight per cent compared with June 2010.
Exchange Traded Products
Total value traded in Exchange Traded Products across the Group’s order books in June was up eight per cent year on year to £10.3 billion (€11.6 billion). The total number of trades was down nine per cent at 327,906.
Fixed income
The average daily value traded on the MTS Cash markets during the month was up 17 per cent year on year at €11.2 billion (£10.0 billion). On the MTS Repo market, the average term adjusted daily value is stable year on year at €257.8 billion (£228.8 billion).
The average daily value traded on the Group’s retail bond markets was €716 million (£636 million), down 23 per cent on the same month last year. The average daily number of trades was down five percent at 14,814.

For further information, please contact:
Lauren Crawley-Moore                                  +44 (0)20 7797 1222
Anna Mascioni                                               +39 027 2426 212

[email protected]

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 22 trading days on the London Stock Exchange, Turquoise and Borsa Italiana in June 2010 and June 2011.
The June 2011 value traded figures use a € per £ exchange rate of 1.13.  The exchange rate used for June 2010 was 1.21.

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 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

BORSA ITALIANA – LONDON STOCK EXCHANGE  ELECTRONIC ORDER BOOK TRADING  
                   
    June-11   June-10  
                   
    Trades Value Traded   Trades Value Traded  
Totals     £m €m     £m €m  
                   
UK order book   14,598,910 103,437 116,555   14,097,415 111,524 134,739  
Italian order book   5,807,380 63,398 71,438   6,158,333 70,964 85,735  
Derivatives   8,815,120 97,443 109,801   9,588,491 83,089 100,385  
Retail Bonds   325,911 13,984 15,758   343,681 16,866 20,377  
MTS Cash   44,726 219,367 247,188   36,983 175,190 211,658  
MTS Repo   64,527 5,032,584 5,670,851   53,418 4,677,215 5,650,811  
Turquoise Integrated   8,043,286 31,056 34,995   5,256,113 21,047 25,428  
Turquoise MidPoint   618,592 3,916 4,413   719,558 3,610 4,362  
                   
Average Daily                  
                   
UK order book   663,587 4,702 5,298   640,792 5,069 6,124  
Italian order book   263,972 2,882 3,247   279,924 3,226 3,897  
Derivatives   393,313 4,421 4,982   435,841 3,777 4,563  
Retail Bonds   14,814 636 716   15,622 767 926  
MTS Cash   2,033 9,971 11,236   1,681 7,963 9,621  
MTS Repo   2,933 228,754 257,766   2,428 212,601 256,855  
Turquoise Integrated   365,604 1,412 1,591   238,914 957 1,156  
Turquoise MidPoint   28,118 178 201   32,707 164 198  
                   
                   
    January to June 2011   January to June 2010  
                   
    Trades Value Traded   Trades Value Traded  
Totals     £m €m     £m €m  
                   
UK order book   79,630,070 609,123 702,187   77,131,650 655,430 754,628  
Italian order book   37,436,046 396,308 456,872   36,311,876 405,195 467,497  
Derivatives   46,777,136 435,697 501,227   45,544,105 437,006 504,120  
Retail Bonds   1,924,310 82,530 95,156   1,956,081 106,144 122,054  
MTS Cash   280,211 1,339,472 1,544,539   223,050 1,143,372 1,311,715  
MTS Repo   368,409 29,503,434 34,009,000   285,855 25,259,863 29,065,551  
Turquoise Integrated   39,620,148 158,375 182,280   26,646,835 116,927 134,749  
Turquoise MidPoint   4,060,515 26,290 30,321   2,345,708 13,110 15,220  
                   
Average Daily                  
                   
UK order book   647,399 4,952 5,709   622,029 5,286 6,086  
Italian order book   294,772 3,121 3,597   288,189 3,216 3,710  
Derivatives   1,098,812 4,469 5,145   1,111,180 4,492 5,179  
Retail Bonds   15,152 650 749   15,524 842 969  
MTS Cash   2,206 10,547 12,162   1,770 9,074 10,410  
MTS Repo   2,901 232,311 267,787   2,269 200,475 230,679  
Turquoise Integrated   1,876,584 7,507 8,643   1,269,239 5,575 6,424  
Turquoise MidPoint   193,376 1,255 1,448   110,515 620 720  
                   
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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