The total number of UK and international trades on the Exchange in January 2003 was 5.06 million, up 17 per cent from 4.33 million in January 2002. The total value of these trades was £325.9 billion, a 21 per cent decline over the corresponding period last year. The average daily number of UK and international trades increased to 230,167 trades compared with 196,766 in January 2002. There were 22 business days in both January 2002 and 2003.

The total number of UK trades on the London Stock Exchange increased to 3.91 million in January 2003, up 38 per cent compared with 2.83 million in January 2002. The value, however, decreased by three per cent to £148.7 billion, down from £152.8 billion in January 2002.

In January the number of trades on SETS^TM, the London Stock Exchange’s electronic order book, increased to 2.88 million trades compared with 1.57 million in January 2002, a year on year increase of 83 per cent. The value traded on SETS increased by 14 per cent to £62.1 billion in 2003, from £54.5 billion in January 2002.

The average daily number of trades on SETS was 130,806, up from 71,547 in January 2002. SETS achieved a 66.9 per cent share of eligible trades in January 2003, compared with 60.9 per cent in January 2002.

On the primary market there were 14 new issues during January 2003, 4 of which were IPOs, 2 on the Main Market and 2 on AIM, raising £17 million between them. This compares with 6 IPOs in January 2002 – 3 on the Main Market, 3 on AIM, which raised £69 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 2002, the market capitalisation of UK and international companies on its markets amounted to £3.1 trillion, with £4.6 trillion of equity 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

	January 2003
		2003		2002
	DOMESTIC EQUITY TRADING	Month	Year to date	Month	Year to date
	Equity Trading Value (£m)	148,712	148,712	152,807	152,807
	Number of Equity Trades	3,907,217	3,907,217	2,832,929	2,832,929
	INTERNATIONAL EQUITY TRADING
	Equity Trading Value (£m)	177,146	177,146	261,400	261,400
	Number of Equity Trades	1,156,449	1,156,449	1,495,915	1,495,915
	ORDER BOOK TRADING
	Order Book Value £m	62,147	62,147	54,523	54,523
	Order Book Trades	2,877,723	2,877,723	1,574,044	1,574,044
		January 2003		January 2002
	DOMESTIC MARKET CAPITALISATION £bn		1,155		1,521
	TOTAL NUMBER OF COMPANIES		2,815		2,881
	UK list	1,694		1,799
	Foreign	416		448
	AIM	705		634
	of which techMARK	209		240
		2003		2002
	MONEY RAISED £m	Month	Year to date	Month	Year to date
	UK & AIM New Issues Equity	26	26	71	71
	Further, Rights and Other	170	170	227	227
	Bonds, Warrants, Fixed Interest	5,680	5,680	4,804	4,804
	Int. New Issues Equity	0	0	0	0
	Further, Rights and Other	0	0	40	40
	Bonds, Warrants, Fixed Interest	9,064	9,064	5,301	5,301
	COMPANIES ADMITTED	14	14	21	21

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