A month of heavy trading on the London Stock Exchange in October 2002 saw a six per cent increase in the average daily number of UK and international trades to 232,181 in the month, up from 218,798 trades in October 2001.

The total number of UK trades increased to 3.81 million in the month, up 21 per cent compared with 3.15 million in October 2001. However, the value of these trades fell by five per cent from £162 billion in October 2001 to £154 billion in 2002.

The rise in market volumes was most notable on SETS, the Exchange’s electronic order book, with a 48 per cent increase: a record 2.67 million trades in October 2002 compared with 1.80 million in the corresponding month in 2001. The average daily number of trades on SETS increased from 78,497 trades in October 2001 to 116,144 trades in October 2002.

Meanwhile, on the primary market there were 18 new issues during October 2002, 5 of which were IPOs on AIM, raising £13.04 million (October 2001: 6 IPOs – 1 on the Main Market, 5 on AIM, together raising £80.94 million).

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Notes to editors:

• About the London Stock Exchange:

  The London Stock Exchange is one of the world’s leading equity exchanges and a leading provider of services that facilitate the raising of capital and the trading of shares.

  The London Stock Exchange is the most international equities exchange by trading in the world and Europe's largest pool of liquidity. By the end of 2001, the market capitalisation of UK and international companies on its markets amounted to £4.1 trillion, with over £5.6 trillion of business transacted over the year. The London Stock Exchange is a Recognised Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.

• SETS – the electronic order book.

  It is now over four years since the launch of SETS and the service continues to go from strength to strength. Overall, the market is benefiting from tighter spreads, greater liquidity and lower execution costs. Usage of SETS continues to grow, as shown by recent record increases in the number of orders entered, the number of firms using the order book and order book share of business. For more information see our publication: "SETS – four years on" available at www.londonstockexchange.com/trading/pdfs/sets4years.pdf

  Indices are calculated and managed by FTSE Group, a world-leader in the creation and management of global equity indices. The FTSE Group is jointly owned by the London Stock Exchange and the Financial Times, but operates as a wholly autonomous company.

  For information about the company or any FTSE indices, please contact media@ftse.com

  IPO - when a new company joins our market raising money. This excludes transfers and introductions (a company that joins a market without raising money).

LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES

	October 2002
		2002		2001
	DOMESTIC EQUITY TRADING	Month	Year to date	Month	Year to date
	Equity Trading Value (£m)	154,036	1,550,645	161,990	1,607,630
	Number of Equity Trades	3,813,602	31,235,934	3,151,020	26,419,898
	INTERNATIONAL EQUITY TRADING
	Equity Trading Value (£m)	232,906	2,424,621	269,136	3,206,258
	Number of Equity Trades	1,526,571	12,939,069	1,881,336	14,383,429
	ORDER BOOKING TRADING
	Order Book Value £m	62,178	571,952	59,666	546,783
	Order Book Trades	2,671,306	19,489,634	1,805,423	12,476,958
			October 2002		October 2001
	DOMESTIC MARKET CAPITALISATION £bn		1,178		1,462
	TOTAL NUMBER OF COMPANIES		2,836		2,908
	UK list	1,717		1,832
	Foreign	422		464
	AIM	697		612
	of which techMARK	216		246
		2002		2001
	MONEY RAISED £m	Month	Year to date	Month	Year to date
	UK & AIM New Issues Equity	25	5,051	81	6,326
	Further, Rights and Other	486	11,526	205	12,438
	Bonds, Warrants, Fixed Interest	9,538	69,848	6,768	67,417
	Int. New Issues Equity	-	-	-	3,222
	Further, Rights and Other	3,734	5,455	178	3,292
	Bonds, Warrants, Fixed Interest	3,744	62,610	4,032	69,760
	COMPANIES ADMITTED	18	198	13	250

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