Monthly Report - august 2010

In August, 15.6 million trades were carried out across the Group’s equity electronic order books, with a combined value of £128.6 billion (€156.2 billion), down four per cent on August 2009.

UK Order Book

UK order book includes UK and international equities, Exchange traded products and Securitised Derivatives traded in London. In August the average daily value traded was £4.0 billion (€4.9 billion), down two per cent year on year; the average daily number of trades reduced six per cent to 526, 631.

Italian Order book

Italian order book includes Italian and international equities, Exchange traded products and Securitised Derivatives traded in Italy. The average daily number of trades was 206,649, down 15 per cent on the same month last year, whilst the average daily value traded on the order book decreased 15 per cent year on year to €2.4 billion (£2.0 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in August was £813million (€987 million) down 25 per cent on the same month last year. The average daily number of trades was also down nine per cent at 220,384. On the dark mid-point book, Turquoise traded an average daily value of £162 million (€196 million) which is a 449 per cent increase on August 2009.  There were a total of 644,899 trades, an increase of 544 per cent year on year.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in August continued to rise and was up 29 per cent year on year to £8.1 billion (€9.8 billion). The total number of trades was also up 25 per cent reaching 316,599 while the average daily value traded was up 22 per cent to £374 million (€455 million).

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 5,140,631, down 25 per cent compared with August 2009. The daily average number of contracts traded was also down 25 per cent to 233,665.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 24 per cent year on year at €8.6 billion (£7.1 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 49 per cent year on year to €211.5 billion (£174.2 billion).The average daily value traded on the Group’s retail bond markets was €722 million (£595 million), down three per cent on the same month last year. The average daily number of trades was up six percent at 11,810.

For further information, please contact:

Lauren Crawley-Moore+44 (0)20 7797 1222
Luca Grassis +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.
Figures for the UK and Italian order books include cash equity trades in domestic and international equities, Exchange traded products and Securitised Derivatives.
Share of trading figures are now available on the London Stock Exchange website and can be found here: http://www.londonstockexchange.com/exchange/statistics/share-of-trading/lit-figures.html
In August the London Stock Exchange accounted for 62.9 per cent of lit trading on the UK order book.There were 21 trading days on the London Stock Exchange, one more than August 2009. There were 22 on Borsa Italiana, also one more than August 2009.
The August 2010 value traded figures use a € per £ exchange rate of 1.21.  The exchange rate used for August 2009 was 1.16.

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