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September SETS trades up 52 per cent

10 October 2006

  • Rate of growth in SETS trades has nearly doubled since last year

During September 2006 the average daily number of trades on SETS increased 52 per cent on September 2005 to 313,188 trades. This is nearly double the 27 per cent growth between September 2004 and September 2005. The acceleration in trading continues to reflect the secular shift in equity trading which is being facilitated by the roll-out of TRM, the Exchange's next generation technology platform.

In total there were 6.6 million trades on SETS during September 2006. The total value traded was £120.8 billion, reflecting a 29 per cent increase in the average daily value traded during the same period last year to £5.8 billion.

Included within the SETS figures, SETSmm had another very strong month. The average daily number of trades increased 103 per cent on September last year to 69,327, while the average daily value traded increased 79 per cent to £530.4 million

The International Order Book also had another very good month, with an 81 per cent increase in the average daily value traded to £231.6 million, and an increase of 58 per cent in the average daily number of trades.

The total number of UK trades was up 42 per cent on September last year, to an average of 352,115 trades per day, while the value traded in UK equities increased 18 per cent to £11.7 billion.

The total number of trades in ETFs increased 72 per cent year on year to an average 797 trades daily, while the average daily value traded increased 65 per cent to £53.2 million, or a total of £1.1 billion for the month as a whole.

There were two IPOs on the Main Market during September, which raised £292.0 million between them. There were 12 IPOs on AIM, raising £283.2 million between them, including two IPOs by international companies, which raised a total of £153.6 million.

RNS, the Exchange's service for the dissemination of company news, transmitted 13,672 announcements during September. This total included 1,045 results announcements, the first time more than a thousand results announcements have been transmitted by RNS in a single month.

There were 21 trading days in September 2006, one fewer than in September 2005.

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For further information, please contact:

Catherine MattisonPress Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com

Notes to editors:

  • About the London Stock Exchange
    The London Stock Exchange is the world’s premier international equity exchange 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 2005, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £4.1 trillion, with £5.2 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.

    Companies considering flotation have a choice of markets:

      AIM
      AIM is the London Stock Exchange’s international market specifically designed for smaller, growing companies, combining the benefits of a public flotation with appropriate levels of regulation.

      Main Market
      The London Stock Exchange’s Main Market for established companies seeking international recognition is one of the world’s best known, longest-established and most liquid markets. It is home to some of the world’s largest and most successful companies, giving them access to one of the deepest pools of capital in the world.

      Professional Securities Market
      The Professional Securities Market was established in July 2005, to coincide with the introduction of the FSA's new Listing Rules. PSM provides a solution for those issuers seeking to list securities in London without having to re-state their financial information to IFRS or follow the additional requirements of an offering to retail investors. Debt securities or depository receipts of any denomination may be listed on PSM on production of a prospectus aimed at a wholesale or professional audience.

  • IPO

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

  • Indices

    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.

  • SETS – the electronic order book

    It is over eight 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.

  • 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.

  • International Order Book (IOB)

    The IOB is the Exchange's order book for the trading of international Depositary Receipts, negotiable certificates which represent ownership of a given number of a company’s shares and can be listed and traded independently from the underlying shares.

  • 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 2006

September 2006
September 2005
DOMESTIC EQUITY TRADING
Month
Year to date
Month
Year to date
Equity Trading Value (£m)
246,204
2,384,016
217,841
1,835,991
Number of Equity Trades
7,394,423
65,398,496
5,458,724
46,580,232
INTERNATIONAL EQUITY TRADING
Equity Trading Value (£m)
287,015
2,482,795
254,890
1,930,206
Number of Equity Trades
1,879,459
15,282,634
1,727,236
12,925,747
ORDER BOOK TRADING
Order Book Value (£m)
120,780
1,119,456
97,899
760,528
Order Book Trades
6,576,945
56,694,220
4,524,564
37,710,911
September 2006
September 2005
DOMESTIC MARKET CAPITALISATION (£bn)
1,916
1,766
TOTAL NUMBER OF COMPANIES
3,212
3,013
Main Market UK
1,292
1,368
Main Market International
315
334
of which techMARK
141
148
AIM
1,590
1,311
Professional Securities Market (Equity only)
15
-
September 2006
September 2005
MONEY RAISED (£m)
Month
Year to date
Month
Year to date
Equity Money Raised:
New issues: Main Market UK
292
5,858
-
3,003
New issues: Main Market International
-
6,575
-
3,077
New issues: AIM
343
6,344
394
3,392
Further issues: Main Market UK
1,001
9,847
816
5,690
Further issues: Main Market International
-
1,243
-
325
Further issues: AIM
81
3,994
79
1,561
PSM (new & further, UK & International)
-
527
-
-
COMPANIES ADMITTED
37
395
34
458
Debt Money Raised (£m)
Main Market UK
21,148
106,522
15,042
97,795
Main Market International
23,031
142,568
20,386
99,903
PSM (UK & International)
120
9,274
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