LSE: Average daily value traded up 25 per cent in February

Average daily trading on the international order book almost doubles.…

The average daily value traded across London Stock Exchange Group’s equity markets during February increased 25 per cent year on year to £7.4 billion (€8.5 billion). The average daily number of trades was 865,706, one per cent lower than February 2009.

UK Cash Equities

The average daily value traded on the UK equity order book was £4.4 billion (€5.1 billion), an increase of 10 per cent year on year, while the average daily number of trades was down nine per cent at 566,718.

Italian Cash Equities

The average daily number of trades in Italian equities was 246,227, up 16 per cent on the same month last year. The average daily value traded during the month also grew, reaching €2.7 billion (£2.3 billion), a 49 per cent increase on last year.

International Cash Equities

During February, the average daily value traded in international stocks on the Group’s equity order books nearly doubled, up 99 per cent year on year, totalling £670 million (€765 million). Meanwhile the average daily number of trades was 52,761, up 35 per cent on last February.

ETFs and ETCs

Trading in ETFs and ETCs during the month was strong, with the average daily number of trades up 60 per cent year on year, totalling 15,609. The average daily value traded was up 38 per cent to £428 million (€489 million).

Derivatives

The average daily number of contracts traded on the Group’s derivatives markets, EDX London and IDEM, was down 24 per cent on February 2009 but up 13 per cent on last month at 302,540. The average daily notional value traded was £2.9 billion (€3.4 billion), 12 per cent lower than the same month last year.

On EDX London, the total number of IOB derivative contracts traded in February was up 56 per cent on last year to 3,109,415.

Fixed income

Trading on the MTS Cash markets remained strong, with the average daily value traded during the month up by 68 per cent year on year at €10.7 billion (£9.4 billion). On the MTS Repo market, the average term adjusted daily value traded increased by 70 per cent year on year to €207.4 billion (£181.7 billion).

The average daily value traded during February on the Group’s retail bond markets was €1billion (£887 million), in line with same month last year. The average daily number of trades was 10 per cent lower than the same month last year at 15,238.

Source: ETFWorld – LSE