July was a record month for AIM, the London Stock Exchange’s international market for smaller growing companies, with 42 IPOs raising £562.7 million between them. There were also 4 IPOs on the main market, and new entrants to both markets raised a total of £1.5 billion.

During the month, there were also year on year increases in trading volumes across the Exchange’s markets. There were 5,259,545 trades with a value of £360 billion during July, representing nine and 14 per cent increases on July 2003, respectively.

SETS attracted an average of 154,797 trades each day, up 30 per cent on July 2003. The average daily value traded on SETS was £3.4 billion, up 23 percent on the same month last year. The total number of trades on SETS during the month was up 25 per cent on the previous year at 3.41 million, while the value traded increased 18 per cent to £74.4 billion.

These year on year increases in part reflect the contribution made by EUROSETS, the London Stock Exchange’s new trading platform for Dutch equities, which saw a total of 36,201 trades in July, a more than four-fold increase on June. The total value traded was €1.2 billion, over five times the €222.6 million value traded in June.

SETSmm also contributed to the overall growth in SETS trades with a record 288,279 equity trades executed in July 2004, worth a total of £3.1 billion.

Last month’s record number of ETF trades was narrowly broken, with 10,836 bargains on the Exchange during July 2004. The value of ETFs traded amounted to £354 million.

There were 22 business days in July 2004, compared with 23 in July 2003.

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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 2003, the market capitalisation of UK and international companies on its markets amounted to £3.3 trillion, with £3.6 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 over six 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).

• SETSmm

  SETSmm is the Exchange’s new trading service for FTSE 250 and other leading non order book securities. By combining the best features of the existing SETS and SEAQ trading services, SETSmm appeals to market users who want to trade electronically, as well as those customers who use the market making system.

• Retail Trading Figures

  Retail trading figures are available from our website at –
  www.londonstockexchange.com/en-gb/products/membershiptrading/retailtradestat.
  Figures are available from November 2002 to date.

  LONDON STOCK EXCHANGE
  MONTHLY FACTSHEET FIGURES

  	July 2004
  		2004		2003
  	DOMESTIC EQUITY TRADING	Month	Year to date	Month	Year to date
  	Equity Trading Value (£m)	184,726	1,385,380	163,703	1,019,290
  	Number of Equity Trades	4,294,416	31,120,207	3,942,702	26,114,062
  	INTERNATIONAL EQUITY TRADING
  	Equity Trading Value (£m)	174,886	1,390,035	150,565	986,316
  	Number of Equity Trades	965,129	6,694,554	869,821	6,165,819
  	ORDER BOOK TRADING
  	Order Book Value (£m)	74,370	518,883	63,182	404,580
  	Order Book Trades	3,405,532	22,903,322	2,732,000	18,738,257
  		July 2004		July 2003
  	DOMESTIC MARKET CAPITALISATION (£bn)		1,366		1,269
  	TOTAL NUMBER OF COMPANIES		2,753		2,711
  	UK list	1,498		1,610
  	Foreign	365		395
  	AIM	890		706
  	of which techMARK	173		193
  		2004		2003
  	MONEY RAISED (£m)	Month	Year to date	Month	Year to date
  	UK & AIM New Issues Equity	1,482	3,869	1,170	1,747
  	Further, Rights and Other	777	6,646	264	2,415
  	Bonds, Warrants, Fixed Interest	13,368	81,777	14,450	69,392
  	Int. New Issues Equity	-	587	-	100
  	Further, Rights and Other	44	166	898	4,830
  	Bonds, Warrants, Fixed Interest	6,905	62,262	9,762	55,230
  	COMPANIES ADMITTED	55	208	18	84

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