The number of trades on SETS™, the London Stock Exchange’s electronic order book, increased 21 per cent in November 2002 to 2.38 million trades compared with 1.96 million in November 2001. The average daily number of trades on SETS increased from 88,991 trades in November 2001 to 113,122 trades in November 2002, an increase of 27 per cent. However, the value traded on SETS decreased by seven per cent, from £62.6 billion in November 2001 to £58.4 billion in 2002. There were 21 trading days in November 2002 compared with 22 in November 2001.

The average daily number of UK and international trades on the Exchange decreased four per cent, from 232,840 in November 2001 to 222,793 in November 2002.

On the primary market there were 13 new issues during November 2002, 2 of which were IPOs, 1 on the Main Market and 1 on AIM, raising £153 million between them. (November 2001: 8 IPOs – 2 on the Main Market, 6 on AIM, together raising £30.71 million).

Covered warrants were offered for the first time through the London Stock Exchange on Monday 28 October 2002. During the first five weeks of trading, there were 899 trades at a value of £3.05 million. A total of 253 warrants were issued to the end of November 2002, between four issuers – Goldman Sachs International, JP Morgan, SG and TradingLab.

Covered warrants are now available on some of the UK’s leading companies and international indices. These include BP, GlaxoSmithKline and Vodafone, as well as the FTSE100, NASDAQ100 and Dow Jones Industrial Average indices.

For further information, please contact:

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 five 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.

  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

	November 2002
		2002		2001
	DOMESTIC EQUITY TRADING	Month	Year to date	Month	Year to date
	Equity Trading Value (£m)	158,455	1,709,100	177,864	1,785,493
	Number of Equity Trades	3,460,525	34,696,459	3,416,664	29,836,562
	INTERNATIONAL EQUITY TRADING
	Equity Trading Value (£m)	203,288	2,627,909	252,409	3,458,667
	Number of Equity Trades	1,218,146	14,157,215	1,705,819	16,089,248
	ORDER BOOK TRADING
	Order Book Value £m	58,383	630,335	62,628	609,411
	Order Book Trades	2,375,552	21,865,186	1,957,801	14,434,759
		November 2002		November 2001
	DOMESTIC MARKET CAPITALISATION £bn		1,225		1,529
	TOTAL NUMBER OF COMPANIES		2,828		2,882
	UK list	1,710		1,813
	Foreign	420		457
	AIM	698		612
	of which techMARK	213		246
		2002		2001
	MONEY RAISED £m	Month	Year to date	Month	Year to date
	UK & AIM New Issues Equity	153	5,204	66	6,392
	Further, Rights and Other	313	11,839	170	12,607
	Bonds, Warrants, Fixed Interest	9,402	79,250	9,677	77,094
	Int. New Issues Equity	-	-	-	3,292
	Further, Rights and Other	-	5,455	178	1,766
	Bonds, Warrants, Fixed Interest	4,578	67,188	7,167	76,926
	COMPANIES ADMITTED	13	211	18	268

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