LSE, Borsa Italiana order books grow to record 1.1 million

Source: PLC Exec

Date :06/12/2007 13:12:43

The average daily number of order book trades on the cash markets of London Stock Exchange and Borsa Italiana rose 69 percent from 2006 to a record 1.1 million in November.

The average daily value traded also rose 50 percent to £15.1 billion (€21.2 billion).

During the month, the total number of order book trades reached 23.2 million and the total value traded was £332.8 billion (€465.8 billion).

In the eleven months to the end of November 2007, the average daily number of electronic order book trades on the cash markets of the two exchanges was 837,053, an increase of 56 percent on the same period during 2006.

Meanwhile, the average daily value traded on the exchanges’ cash markets during the same period was £12.9 billion (€18.9 billion), rising 42 percent on the average of £9.1 billion (€13.3 billion) in the first eleven months of 2006.

UK order book trades

The average daily number of order book trades in UK equities reached a record 722,386 during November 2007, nine percent higher than the previous record of 665,766 trades daily during August 2007.

This also represented an increase of 113 percent on November last year.

The average daily value traded during the month also increased, 61 percent annually to a record £9.8 billion (€13.6 billion).

So far this year, the total number of order book trades in UK equities has increased 76 percent to 122.9 million, while the value traded has risen 42 percent to £1.9 trillion.

International Order Books

Internationally during November, there were 564,175 electronic trades in international securities across both cash markets, an increase of 162 percent on November 2006.

The total value traded more than doubled, up 101 per cent to £15.9 billion (€22.2 billion).

The average daily number of international trades during the month increased 162 percent on the average for November 2006 to 25,664. The average daily value traded was £720.6 million, up 101 per cent on November last year.