London Stock Exchange Reports 23% Increase In Equity Trading, 74.5 Million Trades YTD

This year will be a record year for equity trading across the London Stock Exchange with a year to date growth rate in the number of trades to November of 23%, ahead of the 18% five year CAGR (compound annual

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This year will be a record year for equity trading across the London Stock Exchange with a year-to-date growth rate in the number of trades to November of 23%, ahead of the 18% five-year CAGR (compound annual growth rate) since 1999.

From January to the end of November 2005, there were 74.5 million trades. This is over 8 million trades more than the total for the whole of 2004. The value traded so far this year is Ł4.8 trillion, also exceeding the total for last year.

Of these trades, a record 47.3 million trades were carried out on SETS, an increase of 26% on the number of trades from January to the end of November 2004 and more than the total for the whole of last year by over six million trades. The value traded on SETS this year to the end of November was Ł970.2 billion, again higher than the total value traded on SETS during the whole of last year.

During November, the total number of trades carried out on the exchange increased on November 2004 to 7.5 million – a 16% increase on the previous year. The total value traded was Ł511.8 billion, an increase of 13% on the total value traded during November 2004.

The value traded on SETS during the month increased 33% on November 2004 to Ł104.4 billion. This was ahead of the 18% rise in the number of SETS trades, up to 4.7 million trades in November 2005, and reflected an increase in the average value of a SETS trade, which rose to Ł22,000, up from Ł20,000 in November last year. The average daily number of trades on SETS was 215,582, and the average daily value traded was Ł4.7 billion.

ETFs had an excellent month, with the number of ETF trades up 39% on November last year to a record 13,631. The total value traded also reached a new high, increasing 132% to Ł1.3 billion. This included trading in ten new ETFs which listed during the month. Trading in covered warrants also made good progress, with the total number of trades reaching 6,975, and the value traded up 20% on November 2004 to Ł25.0 million.

There were nine IPOs on the Main Market during November 2005, raising Ł761 million between them. This included two IPOs from international companies. There were 18 IPOs on AIM, raising Ł392 million between them.

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