New records were achieved in trading on the equity order books of Borsa Italiana and the London Stock Exchange during January 2008.
The average daily number of electronic equity trades carried out across the two exchanges increased 85% on January last year to 1.3 million, while the average daily value traded grew 45% to 15.3 billion. The total number of electronic equity trades during the month was 27.7 million, and the total value traded amounted to 337.5 billion.
These totals included record levels of trading on the UK equity order book. The total number of trades during January 2008 reached 19.4 million, or an average of 883,793 trades per day, up 130% on January 2007. Trading activity exceeded a million trades on four days during January 2008, including 22 January, which was the busiest single day on record with almost 1.4 million trades.
The total value traded during the month was 225.5 billion, up 54% on last year, and the average daily value traded was 10.3 billion.
The average daily number of trades in Italian equities during January 2008 was a record at 330,549, an increase of 27% on the same month last year. The average daily value traded was up 15% year on year to 5.5 billion. The total number of trades was 7.3 million, and the total value traded was 121.1 billion. 22 January was again the biggest single day on record, with a total of 559,287 electronic equity trades.
There were 945,549 electronic trades in international equities across the two exchanges’ markets during January 2008, an increase of 25% year on year. The value traded increased by more than a third, up 36% on January last year to 21.4 billion.
It was also a record month for trading in ETFs and ETCs across the two markets. The total value traded more than doubled compared with January last year, up 140% year on year to 5.6 billion. The total number of trades also increased, up 42% to 195,625.
8.5 million contracts were traded on EDX London and IDEM during the month, 63% more than during January 2007. The notional value traded was also up, increasing 49% year on year to 144.8 billion.
Separately, there were 283,846 trades in securitised derivatives during the month, amounting to a total value traded of 2.4 billion.