SEASONALLY LIGHT TRADING IN JULY

The number of trades on SETSä, the London Stock Exchange’s electronic order book, increased to 2.7 million in July 2003, marginally higher than the 2.63 million trades in July 2002. The value traded on SETS during the month was £63.2 billion, down from £73.7 billion in July 2002. The average daily number of trades on SETS was 118,783, up from 114,553 in July 2002.

The total number of equity trades on the Exchange was 4.81 million in July 2003. This represents a 10 per cent decrease on July 2002, during which there was a total of 5.32 million equity trades. The total value of shares traded this July was £314 billion, down from £461 billion last July.

On the primary market, there were 18 new issues during July 2003, five of which were IPOs: one on the Main Market (Yell Group) and four on AIM, raising £1.16 billion between them. This compares with 22 new issues, of which eight were IPOs, in July 2002.

In its first full month of trading, 3.82 million contracts were traded on EDX London. The most traded contract was the OMX Index, which accounted for 2.36 million contracts.

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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).

• About EDX London:

  EDX London commenced operations on 30 June. It is a Recognised Investment Exchange, supervised by the FSA, which has been built on the foundations of the securities derivatives business of the OM London Exchange (originally started in 1989). EDX London is jointly owned by the London Stock Exchange (76%) and OM AB (24%) - combining the strength and liquidity of the London Stock Exchange with the advanced equity derivatives technology of OM AB.

LONDON STOCK EXCHANGE
MONTHLY FACTSHEET FIGURES

	July 2003
		2003		2002
	DOMESTIC EQUITY TRADING	Month	Year to date	Month	Year to date
	Equity Trading Value (£m)	163,703	1,019,290	188,229	1,115,452
	Number of Equity Trades	3,942,702	26,114,062	3,894,264	21,100,516
	INTERNATIONAL EQUITY TRADING
	Equity Trading Value (£m)	150,565	986,316	272,960	1,824,718
	Number of Equity Trades	869,821	6,165,819	1,428,206	9,043,061
	ORDER BOOK TRADING
	Order Book Value £m	63,182	404,580	73,718	401,639
	Order Book Trades	2,732,000	18,738,257	2,634,718	12,440,657
		July 2003		July 2002
	DOMESTIC MARKET CAPITALISATION £bn		1,269		1,258
	TOTAL NUMBER OF COMPANIES		2,711		2,881
	UK list	1,610		1,770
	Foreign	395		432
	AIM	706		679
	of which techMARK	193		229
		2003		2002
	MONEY RAISED £m	Month	Year to date	Month	Year to date
	UK & AIM New Issues Equity	1,170	1,747	387	4,974
	Further, Rights and Other	264	2,415	2,316	9,419
	Bonds, Warrants, Fixed Interest	14,450	69,392	8,287	52,339
	Int. New Issues Equity	-	100	-	-
	Further, Rights and Other	898	4,830	457	1,715
	Bonds, Warrants, Fixed Interest	9,762	55,230	7,320	50,577
	COMPANIES ADMITTED	18	84	22	145

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