RNS Number : 3988L
London Stock Exchange Group PLC
09 January 2009
9 January 2009
ETR - 15
25 PER CENT GROWTH IN NUMBER OF equity trades during 2008
During 2008, the total number of trades on the equity order books of London Stock Exchange Group reached 263 million, an increase of 25
per cent on 2007. The year recorded 84 of the 100 busiest ever days on the London Stock Exchange, with the total number of trades in London
alone exceeding 1 million on 23 occasions. Across the Group's equity order books the average daily number of trades grew 24 per cent to
1,038,327.
However, year on year falls of 16 and 31 per cent in the average value of the FTSE 100 and MIB indices impacted the value traded on the
Group's equity order books. Total value traded across the year was �2.9 trillion (EUR3.6 trillion) in 2008, an 11 per cent decrease on
2007.
In December, the average daily value traded fell 49 per cent to �5.6 billion (EUR5.9 billion), while the average daily number of trades
across the Group was 772,246, down 10 per cent on last year.
UK Order Book
In 2008, the total number of UK equity trades on the order book grew 39 per cent to 186.5 million, exceeding the total for the whole of
2007 by mid-September. The total value traded reached �1.9 trillion (EUR2.4 trillion); though down six per cent on 2007, this reflects a
significant increase in the velocity of trading given the 16 per cent decline in the FTSE 100 during 2008.
The average daily number of trades on the UK order book during December was 556,218, down six per cent year on year, while the average
daily value traded during the month was �3.8 billion (EUR4.0 billion), down 44 per cent on December 2007, reflecting a 34 per cent decline
in the average value of the FTSE 100 between December 2007 and December 2008.
Italian Order Book
During the year as a whole, 65.9 million trades were carried out on the Italian equity order book, with a combined value of EUR993.7
billion (�784.7 billion).
In December, the average daily number of trades was 183,660, down by 24 per cent on December 2007. The 49 per cent decline in the
average value of the MIB index between December 2007 and December 2008 was reflected in a 67 per cent decrease in the average daily value
traded, which was EUR1.5 billion (�1.5 billion).
International Order Book
Across the year the total number of trades on the Group's international order books was 11.1 million, up 35 per cent on 2007, while the
value traded grew six per cent year on year to �199.9 billion (EUR252.9 billion).
The average daily number of trades in December grew 12 per cent to 32,368. Falls in global market valuations contributed to a 57 per
cent drop in the average daily value traded to �319.4 million (EUR335.3 million).
ETFs and ETCs
Strong ETF and ETC trading continued during 2008, with the value traded reaching �65.8 billion (EUR82.2 billion), up 89 per cent on the
2007 total. The total number of ETF and ETC trades was 1.8 million, a 20 per cent year on year increase.
During the month the value traded in ETFs and ETCs was up 110 per cent on the previous December to �6.1 billion (EUR6.4 billion), while
the number of trades grew 47 per cent to 150,273.
Derivatives
Year on year the number of contracts traded across the Group's derivatives markets grew 20 per cent to 91.9 million, while the notional
value traded remained flat at �1.4 trillion (EUR1.8 trillion).
During December the average daily number of derivatives contracts traded across the Group was 293,939, down five per cent compared with
December 2007, while the notional average daily value traded decreased by 29 per cent to �4.8 billion (EUR5.0 billion).
- ends -
For further information, please contact:
Alastair Fairbrother +44 (0)20 7797 1222
Anna Mascioni +39 02 72426211
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 21 and 19 trading days on the London Stock Exchange and Borsa Italiana respectively in December 2008, 2 more than during
December 2007. There were 254 trading days on the London Stock Exchange in 2008, one more than during 2007, while the number of trading days
on Borsa Italiana was 253, also one more than 2007.
During December, the average daily number of trades on SETS - covering all equity based order book trading on the London Stock Exchange
- was 580,037, down 5.3 per cent on December last year. The average daily value traded on SETS was down 45 per cent to �4.2 billion.
Primary market data for December will be available on the websites of London Stock Exchange and Borsa Italiana later in the month.
The December 2008 value traded figures use a EUR:� exchange rate of 1.0499. The exchange rate used for December 2007 was 1.3636.
LONDON STOCK EXCHANGE GROUP - ELECTRONIC ORDER BOOK TRADING
December 2008 December 2007
Totals
Trades Value Traded �m Value Trades Value Traded �m Value
Traded EURm Traded EURm
UK equities 11,680,576 80,562.9 84,580.5 11,240,806 129,740.9 176,915.4
Italian equities 3,489,542 27,636.8 29,015.1 4,080,007 57,453.0 78,344.5
International equities 660,114 6,605.0 6,934.4 533,241 14,018.4 19,115.6
ETFs & ETCs 150,273 6,093.3 6,397.2 102,159 2,903.3 3,959.0
Securitised Derivatives 144,446 818.2 859.0 250,624 2,468.5 3,366.1
Derivatives (EDX, IDEM) 5,949,463 94,399.0 99,106.5 5,595,797 118,427.3 161,488.1
Average daily
UK equities 556,218 3,836.3 4,027.6 591,621 6,828.5 9,311.3
Italian equities 183,660 1,454.6 1,527.1 240,000 3,379.6 4,608.5
International equities 32,368 319.4 335.3 28,939 745.8 1,016.9
ETFs & ETCs 7,713 310.4 325.9 5,916 163.5 223.0
Securitised Derivatives 7,602 43.1 45.2 14,742 145.2 198.0
Derivatives (EDX, IDEM) 293,939 4,753.1 4,990.1 307,909 6,706.8 9,145.4
January to December 2008 January to December 2007
Totals
Trades Value Traded �m Value Trades Value Traded �m Value
Traded EURm Traded EURm
UK equities 186,495,999 1,882,521.2 2,379,130.5 133,982,906 1,997,984.9 2,909,111.2
Italian equities 65,869,234 784,715.1 993,682.2 69,027,979 1,038,930.8 1,514,078.8
International equities 11,095,909 199,899.6 252,867.1 8,240,150 188,234.5 274,083.8
ETFs & ETCs 1,802,685 65,804.8 82,194.1 1,500,580 34,759.1 50,469.0
Securitised Derivatives 2,702,040 18,049.8 22,817.1 4,969,969 60,614.3 88,781.4
Derivatives (EDX, IDEM) 91,939,666 1,433,129.0 1,811,098.5 76,502,172 1,435,147.4 2,092,637.4
Average daily
UK equities 734,236 7,411.5 9,366.7 529,577 7,897.2 11,498.5
Italian equities 260,353 3,101.6 3,927.6 273,921 4,122.7 6,008.2
International equities 43,738 787.4 996.1 32,624 744.7 1,084.3
ETFs & ETCs 7,119 259.7 324.3 5,952 137.7 200.0
Securitised Derivatives 10,680 71.3 90.2 19,722 240.5 352.3
Derivatives (EDX, IDEM) 403,744 6,040.6 7,636.3 332,191 5,959.0 8,689.9
For Derivatives, the values used are notional values while "trades" refer to contracts traded
This information is provided by RNS
The company news service from the London Stock Exchange
END
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