A total of 21.2 million electronic equity trades were carried out on the London Stock Exchange and Borsa Italiana during February 2008, an increase of 46% on February last year.
The total value traded was 259.5 billion, up 16% on February last year. The average daily number of electronic equity trades increased 39% to 1.0 million, while the average daily value traded grew 10% to 12.4 billion.
During February the total number of electronic equity trades on the UK order book was 14.5 million, an increase of 82% year on year. The average daily number of trades was 691,357, up 73% on February last year.
The total value traded during the month was 172.6 billion, an increase of 24% on February last year. Theaverage daily value traded grew 18% year on year to 8.2 billion.
The total number of trades in Italian equities during the month was flat at 5.9 million, and the total value traded was down 13% on February 2007 to 92.3 billion.
The average daily number of Italian equity trades was 281,733, and the average daily value traded was 4.4 billion.
778,972 electronic trades in international equities were carried out across the two exchanges markets during February 2008, an increase of 27% on February last year. The total value traded increased 29% compared with the previous year to 17.3 billion.
The value traded in ETFs and ETCs across the two markets doubled compared with February 2007, up 103% to 4.7 billion. The total number of trades also increased, up 3% on last year to 148,290 trades.
7.5 million contracts were traded on EDX London and IDEM during February, an increase of 36% on February 2007. The notional value traded was up 30% year on year to 131.2 billion.
Separately, there were 220,577 trades in securitised derivatives during the month, amounting to a total value traded of 1.2 billion.