The number of trades on SETS^TM, the London Stock Exchange’s electronic order book, increased to 2.66 million in June 2003, 44 per cent higher than the 1.84 million trades in June 2002. The value traded on SETS increased by nine per cent to £58.5 billion in June 2003, up from £53.7 billion in June 2002. The average daily number of trades on SETS was 23 per cent higher at 126,466, up from 102,421 in June 2002.

The total number of equity trades on the Exchange in June 2003 was 4.69 million, up from 3.98 million in June 2002. The average daily number of trades was 223,115 in June 2003, up from 221,312 in June 2002, an increase of one per cent. The average daily value of these trades decreased from £22.8 billion in June 2002 to £15.0 billion in June 2003. There were 21 business days in June 2003 compared with 18 in June 2002.

On the primary market, there were 13 new issues during June 2003, four of which were IPOs: two on the Main Market (Sondex and Benfield Group) and two on AIM (Faroe Petroleum and African Eagle Resources), raising £143 million between them. This compares with 20 new issues, of which 13 were IPOs in June 2002.

The Exchange reported a record 2,878 trades on its covered warrants market in June 2003, 6.3 per cent higher than the previous record in March 2003, when there were 2,708 trades. The total value of these trades was £7.84 million. There are now 448 warrants available on the Exchange issued by Goldman Sachs International, JP Morgan, SG and TradingLab.

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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 and greater liquidity. 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

	June 2003
		2003		2002
	DOMESTIC EQUITY TRADING	Month	Year to date	Month	Year to date
	Equity Trading Value (£m)	160,389	855,587	145,004	927,223
	Number of Equity Trades	3,848,698	22,171,360	2,792,245	17,206,252
	INTERNATIONAL EQUITY TRADING
	Equity Trading Value (£m)	155,562	835,751	265,517	1,551,759
	Number of Equity Trades	836,724	5,295,998	1,191,362	7,614,855
	ORDER BOOK TRADING
	Order Book Value £m	58,503	341,398	53,710	327,921
	Order Book Trades	2,655,783	16,006,257	1,843,570	9,805,939
		June 2003		June 2002
	DOMESTIC MARKET CAPITALISATION £bn		1,221		1,389
	TOTAL NUMBER OF COMPANIES		2,727		2,891
	UK list	1,627		1,784
	Foreign	399		434
	AIM	701		673
	of which techMARK	198		234
		2003		2002
	MONEY RAISED £m	Month	Year to date	Month	Year to date
	UK & AIM New Issues Equity	53	577	1,262	4,587
	Further, Rights and Other	297	2,151	509	7,103
	Bonds, Warrants, Fixed Interest	11,881	54,941	10,241	44,051
	Int. New Issues Equity	100	100	-	-
	Further, Rights and Other	24	3,931	-	1,258
	Bonds, Warrants, Fixed Interest	8,379	45,468	6,459	43,257
	COMPANIES ADMITTED	13	66	20	123

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