Monthly Report July 2010

In July, 17.5 million equity trades were carried out across the London Stock Exchange Group’s electronic order books, with a combined value of £136.1 billion (€162.9 billion).  The average daily value traded across the Group’s cash equity markets was £6.2 billion (€7.4 billion), a ten per cent increase on July 2009.

On the Italian equity order book, an increase in trading activity continued with the average daily number of trades growing 11 per cent year on year and the average daily value traded up 17 per cent.  In London, the total value traded on the order book increased four per cent year on year, reaching £95.2 billion (€113.9 billion).  

UK Cash Equities

During July, the average daily value traded on the UK equity order book was £3.7 billion (€4.4 billion), an increase seven per cent year on year, while the average daily number of trades was also up eight per cent at 537,477.

Italian Cash Equities

The average daily number of trades in Italian equities was 210,515 in July, an 11 per cent increase on the same month last year. The average daily value traded during the month was up 17 per cent at €2.3 billion (£1.9 billion).

International Cash Equities

The total value traded in international equities increased ten per cent on July 2009 to £11.8 billion (€14.2 billion), while the total number of trades was 1,088,326, an eight per cent year on year increase.

ETFs and ETCs

The average daily number of trades in ETFs and ETCs was up 32 per cent year on year, reaching 14,473, while the average daily value traded was up 38 per cent to £391 million (€467 million).

Derivatives

On the Group’s derivatives platforms, the average daily notional value traded was down 11 per cent at £2.6 billion (€3.1 billion), while the average daily number of contracts traded was down 41 per cent to 217,831 against July 2009. A large proportion of the reduction in volumes for the Group can be attributed to the ending of the partnership between EDX and NASDAQ OMX in December 2009. This month investor weariness of recent uncertainty in global markets including Russia also affected trading volumes in Russian products.  

Growth continues on IDEM with FIB index futures, MIBO index options and stock futures all showing year on year increase in both the number of contracts traded and notional value. Across IDEM, the average daily notional value grew by 27 percent while the average daily number of contracts traded grew by eight per cent

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 21 per cent year on year at €9.3 billion (£7.7 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 86 per cent year on year to €239.1 billion (£199.8 billion).

The average daily value traded on the Group’s retail bond markets was €753 million (£629 million), down 14 per cent on the same month last year. The average daily number of trades was down 12 percent at 11,806.

For further information, please contact:

Lauren Crawley-Moore+44 (0)20 7797 1222
Anna Mascioni +39 02 72426 211

To download the press release with tables: VIEW PDF

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 22 trading days on the London Stock Exchange and on Borsa Italiana in July 2010, one fewer than July 2009.

During July, the average daily number of trades on SETS – covering all equity based order book trading on the London Stock Exchange – was 576,774 up nine per cent on July 2009.  The average daily value traded was £4.3 billion, a eight per cent year on year increase.

The July 2010 value traded figures use a € per £ exchange rate of 1.19.  The exchange rate used for July 2009 was 1.16.