Monthly Market Report- February 2011

ETR – 41

MONTHLY MARKET REPORT – FEBRUARY 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 February a total of 25.4 million trades were carried out across the Group’s electronic equity order books with a combined value of £191.3 billion (€226.1 billion), up eight per cent on February 2010 (£177.8 billion).

UK Equities Order Book

During the month, the average daily number of trades increased five per cent year on year to 635,187; the average daily value traded on the UK order book was £5.0 billion (€5.9 billion), down two per cent.

The LSE’s share of total UK order book trading for February was 65.2 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 306,219, up eight per cent on the same month last year; the average daily value traded on the order book increased 15 per cent year on year to €3.7 billion (£3.1 billion).

Borsa Italiana’s share of total Italian order book trading for February was 83.3 per cent.

Turquoise Cash Equities

It was a record month for average daily value traded on the Turquoise integrated book in February, with €1.4 billion (£1.2 billion) of trading, up 37 per cent on the same month last year. The average daily number of trades was up 40 per cent at 295,937.

On the dark mid-point book, Turquoise traded an average daily value of €273.6 million (£231.6 million), up 329 per cent on February 2010.  There were a total of 696,338 trades, an increase of 330 per cent year on year.

Turquoise total share European order book trading for February was 4.1 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 6,709,901, an 11 per cent increase compared with February 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in February was up 22 per cent year on year to £10.4 billion (€12.3 billion). The total number of trades was up 34 per cent on the same period, reaching 419,614.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 20 per cent year on year at €12.8 billion (£10.9 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 25 per cent year on year to €258.2 billion (£218.5 billion).

The average daily number of trades on the Group’s retail bond markets was up seven per cent at 16,473; the average daily value traded was €812.4 million (£687.6 million), down 21 per cent on the same month last year.

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For further information, please contact:

Lauren Crawley-Moore                                  +44 (0)20 7797 1222

Anna Mascioni                                               +39 027 2426 212  

                                                                           newsroom@londonstockexchange.com

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.

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 20 trading days on both the London Stock Exchange and Borsa Italiana in February 2011, the same as February 2010.

The February 2011 value traded figures use a € per £ exchange rate of 1.18.  The exchange rate used for February 2010 was 1.14.

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.