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Home Markets Stocks LSE: July Sets Trades Up 96 Per Cent On Previous Year


LSE: July Sets Trades Up 96 Per Cent On Previous Year
added: 2007-08-09

The number of electronic trades on the London Stock Exchange reached new highs during July, with a total of 12.1 million trades carried out on SETS during the month, an increase of 96 per cent on July 2006. The value traded increased by 77 per cent to £191.1 billion. The average daily number of trades was up 87 per cent on last year to 551,447, while the average daily value traded grew 69 per cent year on year to £8.7 billion.


On 27 July, 845,696 trades were executed on SETS, the first time that the daily total has exceeded 800,000 trades. Nine out of the 20 busiest trading days on SETS have taken place since the introduction of TradElect, the Exchange’s new technology platform. The improved latency and expanded capacity of TradElect has enabled member firms to increase their use of SETS during the recent market turbulence.

Included in the SETS totals was another excellent month on SETSmm, which saw a record 3.3 million trades during the month, an increase of 150 per cent on July last year. The total value traded on SETSmm increased 121 per cent to £21.5 billion.

Also included in the SETS figures were 105,061 trades carried out on the IOB during the month, an increase of 113 per cent on July last year. The value traded increased 131 per cent year on year to £9.1 billion.

ETF trading activity was also very strong during July. The total number of ETF trades increased 191 per cent on July last year to a record 48,179, while the value traded increased 175 per cent to £3.3 billion.

July was also a very strong month on the primary market, with 39 IPOs during the month. There were seven UK IPOs on the Main Market, which raised a total of £905 million, and six international IPOs from countries such as Kazakhstan, Nigeria, Bahrain and Israel, which raised a total of £2.1 billion between them. AIM attracted 26 IPOs during the month, raising a total of £1.1 billion.

RNS, the Exchange’s service for the dissemination of company news, issued 18,102 announcements during July, up 25 per cent on July last year. Of these 6,678 were news and results announcements, representing an 85 per cent share of all such announcements made in the UK market.

There were 22 trading days in July, one more than during July last year.


Source: London Stock Exchange

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