The average daily number of trades on SETS, the London Stock Exchange’s electronic order book, was 575,988 during September 2007, the second highest monthly average on record and an increase of 84% on September 2006.
The average daily value traded also increased, up 46% year on year to 8.4 billion. The total number of trades on SETS during the month was 11.5 million and the total value traded reached 168.0 billion.
Within the SETS totals, SETSmm continued to show strong growth, with the average daily number of trades up 120% year on year to 152,347, and the average daily value traded up 88% to 1.0 billion. Also reflected in the SETS figures, the International Order Book (IOB) had another very good month. The average daily number of trades on the IOB increased 61% to 4,057, and the average daily value traded increased by 41% to 326.5 million.
The expansion of the ETF market also continued, with 25 new ETFs admitted to trading during the month, including the Exchange’s first ETFs from both Deutsche Bank and Spa ETF plc. The average daily number of trades in ETFs was up 189% on September last year to 2,303, and the average daily value traded up 188% to 153.5 million. The total value traded in ETFs during the first nine months of 2007 has more than doubled compared with the same period last year; up 116% to 26.3 billion.
There were 20 trading days in September 2007, one fewer than in September 2006.