Monthly Market Report – June 2011

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 
          
  TradesValue Traded TradesValue Traded 
Totals  £m€m  £m€m 
          
UK order book 14,598,910103,437116,555 14,097,415111,524134,739 
Italian order book 5,807,38063,39871,438 6,158,33370,96485,735 
Derivatives 8,815,12097,443109,801 9,588,49183,089100,385 
Retail Bonds 325,91113,98415,758 343,68116,86620,377 
MTS Cash 44,726219,367247,188 36,983175,190211,658 
MTS Repo 64,5275,032,5845,670,851 53,4184,677,2155,650,811 
Turquoise Integrated 8,043,28631,05634,995 5,256,11321,04725,428 
Turquoise MidPoint 618,5923,9164,413 719,5583,6104,362 
          
Average Daily         
          
UK order book 663,5874,7025,298 640,7925,0696,124 
Italian order book 263,9722,8823,247 279,9243,2263,897 
Derivatives 393,3134,4214,982 435,8413,7774,563 
Retail Bonds 14,814636716 15,622767926 
MTS Cash 2,0339,97111,236 1,6817,9639,621 
MTS Repo 2,933228,754257,766 2,428212,601256,855 
Turquoise Integrated 365,6041,4121,591 238,9149571,156 
Turquoise MidPoint 28,118178201 32,707164198 
          
          
  January to June 2011 January to June 2010 
          
  TradesValue Traded TradesValue Traded 
Totals  £m€m  £m€m 
          
UK order book 79,630,070609,123702,187 77,131,650655,430754,628 
Italian order book 37,436,046396,308456,872 36,311,876405,195467,497 
Derivatives 46,777,136435,697501,227 45,544,105437,006504,120 
Retail Bonds 1,924,31082,53095,156 1,956,081106,144122,054 
MTS Cash 280,2111,339,4721,544,539 223,0501,143,3721,311,715 
MTS Repo 368,40929,503,43434,009,000 285,85525,259,86329,065,551 
Turquoise Integrated 39,620,148158,375182,280 26,646,835116,927134,749 
Turquoise MidPoint 4,060,51526,29030,321 2,345,70813,11015,220 
          
Average Daily         
          
UK order book 647,3994,9525,709 622,0295,2866,086 
Italian order book 294,7723,1213,597 288,1893,2163,710 
Derivatives 1,098,8124,4695,145 1,111,1804,4925,179 
Retail Bonds 15,152650749 15,524842969 
MTS Cash 2,20610,54712,162 1,7709,07410,410 
MTS Repo 2,901232,311267,787 2,269200,475230,679 
Turquoise Integrated 1,876,5847,5078,643 1,269,2395,5756,424 
Turquoise MidPoint 193,3761,2551,448 110,515620720 
          
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.