LSE logo
grey banner section
IR Home




Site services Site services image map Alerting service Glossary Site search Site map Print www.londonstockexchange.com


News releases
Strong order book trading during October

09 November 2004

The average daily value traded on SETS, the London Stock Exchange’s electronic order book, was £3.6 billion during October 2004, up 14 per cent on the same month last year. The total number of trades on SETS during the month was a record 3,658,902, whilst the value traded during the month increased 4 per cent on the previous year to £75.7 billion. This was achieved in just 21 trading days in October 2004, compared with 23 in October 2003.

SETSmm, the Exchange’s hybrid trading service, marked the completion of its first full year of trading with a record 341,351 trades on the order book during October, worth £3.6 billion. Excluding the 22 stocks which listed after the launch of the platform, there were a total of 433,803 trades in SETSmm stocks during the month, worth a total of £12.1 billion. This was a 150 per cent increase in the number of trades and a 15 per cent increase on the value traded in the same stocks in October 2003, prior to the introduction of SETSmm.

The average daily value traded in UK and international equity across the London Stock Exchange during the month was £18.1 billion, up 11 per cent on the average daily value traded in October 2003. In total there were 5,778,066 UK and international equity trades during October with a value of £379.3 billion.

The average daily value traded in ETFs on the Exchange during October was £15.86 million, an increase of 25 per cent on October 2003. There were 6,454 ETF trades during the month with a total value of £333.1 million. These figures included one week’s trading data for the iShares FTSE/ Xinhua China 25 ETF, which began trading on 25 October.

On the primary market there were 43 new issues raising £371.1 million. The Main Market saw six IPOs: five UK companies raising £92.8 million between them; and one international company raising £75.4 million. There were 22 IPOs on AIM, raising a total of £189.0 million between them, and one transfer from AIM to the Main Market.

These figures bring the total number of new issues on the Main Market this calendar year to 47, raising a total of £3.6 billion. Of these new issues 35 were IPOs. On AIM there have been 271 new issues this year, including 179 IPOs. New issues on AIM this year have raised a total of £2.0 billion.

- ends -


For further information, please contact:


Catherine Mattison Press Office +44 (0)20 7797 1395
newsroom@londonstockexchange.com


Notes to editors:

  • About the London Stock Exchange

    The London Stock Exchange is one of the world’s foremost 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 the London Stock Exchange’s 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

    An IPO or Initial Public Offering is when a new company joins our market and raises capital by issuing shares. This excludes transfers and introductions (when companies join the market without raising money).


  • SETSmm

    SETSmm is the Exchange’s successful 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.


    View monthly factsheet figures - October 2004.


    Back to the main press releases branch

  • Related links
    right arrowShare tools
    right arrowAnnual and interim reports
    right arrowPresentations and webcasts

    Home | Disclaimer | Privacy statement