Monthly Market Report: January 2012

ETR – 52

MONTHLY MARKET REPORT – January 2012

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 January a total of 30.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £159.4 billion (€191.5 billion), down 17 per cent on January 2011 (£191.6 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £4.0 billion (€4.8 billion), down 18 per cent on January 2011, in line with average European total value traded year on year. The average daily number of trades increased five per cent to 660,742.

The LSE’s share of trading in the total UK order book for January was 60.0 per cent.

Italian Equities Order Book

On the Italian order book, the average daily number of trades was 267,901, down 22 per cent on the same month last year, whilst the average daily value traded on the order book decreased 37 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 January was €1.6 billion (£1.3 billion) up 29 per cent on the same month last year. The average daily number of trades was up 78 per cent at 450,285.

On the Turquoise dark mid-point book, the average daily value traded was €125 million (£104 million), down 48 per cent on January 2011.  There was an average daily total of 21,183 trades, a decrease of 29 per cent year on year.

Turquoise share of pan-European trading for January was 5.2 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 6,781,671, up 26 per cent compared with January 2011.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in January was down 18 per cent year on year to £8.9 billion (€10.8 billion). The total number of trades was also down 22 per cent at 345,909.

Fixed income

The average daily value traded on the MTS Cash markets during the month was down 38 per cent year on year at €8.3 billion (£6.9 billion). On the MTS Repo market, the average term adjusted daily value was down 30 per cent year on year at €208.5 billion (£173.5 billion).
The average daily value traded on the Group’s retail bond markets was €1.2 billion (£972 million), up 44 per cent on the same month last year. The average daily number of trades was up 41 per cent at 23,345.

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For further information, please contact:

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

Anna Mascioni (Borsa Italiana)                                 +39 027 2426 212  

                                                                                 newsroom@londonstockexchange.com

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 21 trading days on the London Stock Exchange in January 2012 compared with 20 in January 2011, and 22 trading days on Borsa Italiana in January 2012, compared with 21 in January 2011
The January 2012 value traded figures use a € per £ exchange rate of 1.20.  The exchange rate used for January 2011 was 1.18.

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