December Market Report

    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 [phone]
    Anna Mascioni [phone]

    
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
 
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