The average daily value of equities traded across the London Stock Exchange during November 2004 was £20.7 billion, a 31 per cent increase on the average daily value traded during the same month last year. The average daily number of equity trades was 293,935. The total value of equity trading during the month was £454.7 billion, an increase of 44 per cent on November last year.

In total there have been 60.55 million UK and international equity trades on the London Stock Exchange in the year to the end of November, already exceeding the 56.11 million trades in the whole of 2003. Similarly the value traded to the end of November 2004 was £4,337.1 billion, compared with £3,636.0 billion traded in the whole of 2004.

During the month there were 4,013,822 equity trades on SETS, exceeding the four million mark for the first time. The average daily number of trades on SETS was a record 182,446. The total value traded on SETS during November was £78.7 billion, bringing the value traded on SETS so far this year to £813.9 billion. The average daily value traded on SETS rose 14 per cent on November 2003 to £3.6 billion.

SETSmm, the Exchange’s hybrid order book and market maker trading platform, saw a total of 375,267 order book trades, worth £4.0 billion. The average daily value traded on SETSmm was £179.90 million.

There were 9,815 ETF trades on the Exchange during November, worth a total of £534.35 million. The average daily value traded in ETFs was £24.29 million, up 56 per cent on November 2003.

On the main market there were 8 IPOs raising a total of £768.34 million. Of these, two were international IPOs, raising £109.99 million between them. AIM saw 23 IPOs raising £142.61 million between them.

There were 22 trading days in November 2004, compared with 20 trading days in November 2003.

Further information is available from:

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 - November 2004 (PDF, 95KB).
  
  

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