The average daily number of order book trades on the cash markets of Borsa Italiana and the London Stock Exchange increased 69% cent on the same month last year to a record 1.1 million during November.
The average daily value traded also rose, up 50% to 15.1 billion. During the month, the total number of order book trades reached 23.2 million and the total value traded was 332.8 billion.
During the eleven months to the end of November 2007, the average daily number of electronic order book trades on the cash markets of the two exchanges was 837,053, an increase of 56% on the same period during 2006.
Meanwhile, the average daily value traded on the exchanges’ cash markets during the same period was 12.9 billion, up 42% on the average of 9.1 billion in the first eleven months of 2006.
The average daily number of order book trades in UK equities reached a record 722,386 during November 2007. This was 9% higher than the previous record of 665,766 trades daily during August 2007, and represents an increase of 113 per cent on November last year.
The average daily value traded during the month also increased, up 61% year on year to a record 9.8 billion.
So far this year, the total number of order book trades in UK equities has increased 76% to 122.9 million, while the value traded has risen 42% to 1.9 trillion.
All of the top twenty busiest days on the UK order book have now occurred since the introduction of the new TradElect trading system in June. Following additional capacity and latency upgrades at the start of the month, November alone accounted for half of the top twenty days.
The average daily number of trades in Italian equities was 308,387 during November 2007, up 12% on November 2006. Meanwhile, the average daily value traded rose 19% to 4.7 billion.
Based on trading between January and November 2007, the average number of trades in Italian equities each day has been 292,961 per day, an increase of 27% over the same period last year. At the same time, the average value traded each day has been 4.3 billion.
During November 2007, there were 564,175 electronic trades in international securities across both markets, an increase of 162% on November 2006. The total value traded more than doubled, up 101% to 15.9 billion.
The average daily number of international trades during the month was 25,664, up 162% on the average for November 2006. The average daily value traded was 720.6 million, up 101% on November last year.
The number of ETF and ETC trades on the exchanges’ markets increased 97% compared with November 2006 to 173,908. Over the same period, the value traded rose 120% to 4.2 billion.
During the month, there were 7.6 million contracts traded across EDX and IDEM with a notional value of 134.4 billion. The average daily number of contracts increased 38% year on year to 346,872, while the notional value traded increased 40% to 6.1 billion.
Separately, there were 395,608 contracts traded in securitised derivatives during the month. The total value traded in securitised derivatives was 3.5 billion. In the first eleven months of the year, the total number of contracts traded has risen 13% to 4.7 million, while the value has increased 37% to 58.1 billion.