In October 2007 there were 19.1 million electronic order book trades with a combined total value of 299.6 billion on the cash markets of Borsa Italiana and the London Stock Exchange more than any other European exchange.
The average daily number of order book trades increased 46% to 832,156 while the average daily value traded rose 34% to 13.0 billion.
In the first ten months of 2007, the average daily number of electronic order book trades on the cash markets of the two exchanges was 814,297, an increase of 54% on the first ten months of 2006. Meanwhile, the average daily value traded on the exchanges cash markets during the same period was 12.7 billion: up 41% on the average of 9 billion in the first ten months of 2006.
The average daily number of order book trades in UK equities reached 552,715 during October 2007, a 71% increase on October 2006. The average daily value traded during the month increased 34% year on year to 7.8 billion. So far this year, the number of order book trades in UK equities has increased 72% to 107.0 million while the value traded has risen 40% to 1.7 trillion. This growth has been facilitated by the introduction of the new trading platform, TradElect, in June. The top ten busiest days by volume and seven of the top ten busiest days by value traded in the UK order book have taken place since the launch of TradElect. Further upgrades to the platform were carried out during October.
The average daily number of trades in Italian equities was 258,045 during October 2007, up 7% on October 2006. Meanwhile the average daily value traded rose 23% to 6.6 billion. Based on trading between January and October 2007, the average number of trades in Italian equities each day has been 291,368 per day, an increase of 29% over the same period last year. At the same time, the average value traded each day has been 6.3 billion, up 44% on the first ten months of 2006.
During October 2007, there were 492,118 electronic trades in international securities across both markets, an increase of 160% on October 2006. The total value traded increased 107% to 15.2 billion. The average daily number of international trades during the month was 21,396, up 149% on the average for October 2006. The average daily value traded was 659 million, up 98% on October last year. The number of ETFs and ETC trades on the exchanges markets more than doubled to 206,048 during the month, up 181% from 73,233 during October 2006. Over the same period, the value traded rose 103% to 3.5 billion.
During the month, there were 7.9 million contracts traded across EDX and IDEM with a notional value of 114.7 billion. The average daily number of contracts increased 43% year on year to 342,228 while the notional value traded increased 32% to 5 billion. Separately, there were 365,295 trades in securitised derivatives during the month. The total value traded in securitised derivatives was 4.4 billion. In the first ten months of the year, the total number of contracts traded has risen 18% to 4.3 million, while the value has increased 54% to 54.7 billion.