viewThe London Stock Exchange Group PLC

LSE reveals year-on-year declines in order book trading volumes in December


The London Stock Exchange Group (LSE: LSE) revealed that the traditionally quiet trading month of December experienced a year-on-year decline in electronic trading volumes in 2009. The 13.3 million order book trades last month reflect a combined value of £108.4 billion across the group’s trading platforms, equating to an 18% decrease in the daily average number of executed trades and a 6% decline in the trade value.

Exchange traded funds (ETF) and exchange traded commodities (ETC) provided positive news, increasing 75% and 79% respectively, reflecting the continued growth of the emerging asset class.

In London the UK cash equities business saw a decline in both the average number of daily trades and the average daily value traded. During December there was an average of 426,732 trades per day with the average traded value of £3.1bn per day, representing a 19% and 24% decline respectively compared with 2008. The total value traded on the UK order book in December was £65.7 billion and the total number of trades was 9 million.

In Milan, cash equities traded on the Borsa Italiana’s order book also experienced lower volumes compared with 2008, with an average of 173,235 trades per day, representing a 6% reduction. However the average daily value actually increased by 17%, at €1.8 billion.

On the LSE Group’s international order book, daily cash equity value traded increased by 59% to £511 million, with 40,201 trades per day in December. In its other operations there was also a reduction in the number of contracts traded on the LSE's derivatives markets, with a 19% decline in the daily average volumes at 253,657. Fixed income trading remained comparatively active on the MTS Cash markets, the average daily value traded increasing by 79% year on year, with an average of €9.4 billion. Volumes on the MTS Repo market increased also while the Borsa Italiana's retail fixed income market experienced a 12% decrease.

Quick facts: The London Stock Exchange Group PLC

Price: 7646 GBX

Market: LSE
Market Cap: £26.74 billion

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