LSEG: Monthly Market Report – May 2011

03 June 2011

ETR – 44

MONTHLY MARKET REPORT – May 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 May, a total of 27.1 million trades were carried out across the Group’s electronic equity order books with a combined value of £210.4 billion (€239.6 billion), down 19 per cent on May 2010 (£259.6 billion).

UK Equities Order Book

During the month, the average daily value traded on the UK order book was £5.4 billion (€6.1 billion), down 24 per cent year on year; the average daily number of trades reduced 16 per cent to 694,247.
The LSE’s share of trading in the total UK order book for May was 64.7 per cent.

Italian Equities Order book

On the Italian order book, the average daily number of trades was 261,696, down 31 per cent on the same month last year, whilst the average daily value traded on the order book decreased 33 per cent year on year to €3.7 billion (£3.3 billion).

Turquoise Cash Equities

The average daily value traded on the Turquoise integrated book in May was €1.4 billion (£1.2 million), up eight per cent on the same month last year. The average daily number of trades was up 27 per cent, at 309,090.
On the dark mid-point book, Turquoise traded an average daily value of €215 million (£188 million), up 24 per cent on May 2010.  The average daily number of midpoint dark trades was 29,631, an increase of over 13 per cent year on year.
Turquoise share of Pan European trading for May was 4.2 per cent.

Derivatives

On the Group’s derivatives platforms, the total number of contracts traded was 10,142,225, down 11 per cent compared with May 2010.

Exchange Traded Products

Total value traded in Exchange Traded Products across the Group’s order books in May was down 13 per cent year on year, to £11.5 billion (€13.1 billion). The total number of trades was down 15 per cent at 401,437.

Fixed income

The average daily value traded on the MTS Cash markets during the month was up 31 per cent year on year, at €11.0 billion (£9.7 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 11 per cent year on year to €242.8 billion (£213.2 billion).
The average daily value traded on the Group’s retail bond markets was €737 million (£647 million), down 33 per cent on the same month last year. The average daily number of trades was down 18 percent at 14,436.

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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

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 the London Stock Exchange and 22 on Borsa Italiana, both one more than the same month last year. There were also 22 trading days on EDX and on Turquoise.
The May 2011 value traded figures use a € per £ exchange rate of 1.14.  The exchange rate used for May 2010 was 1.17.

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. 
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

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