The average daily value of equity trades on the London Stock Exchange’s (LSE) electronic order books fell 60% to £6.2 billion in January 2009 from the record average daily value reported in January 2008. The average daily number of trades in January 2009 was 881,609 – 30% down on the same period last year.
The average daily value of trades on the LSE’s UK electronic order book in January 2009 was £4.8 billion, a 58% drop from the previous January. Average daily volume was 632,517, compared with 883,793 12 months earlier.
The group’s Italian electronic order book, acquired when it bought Borsa Italiana in 2007, saw its average daily value drop 69% to EUR 1.7 billion (£1.5 billion) in January 2009 from the previous January and average daily volume fall 36% to 211,987.
The average levels of the FTSE 100, the UK’s index of blue-chip stocks, and the Italian MIB index were 29 per cent and 45 per cent higher respectively in January 2008.
Average daily values traded on the LSE’s international order book fell 68% to £312.6 million and average daily volume declined 14% to 37,106.
The average daily value of trades on SETS, which covers all equity-based order book trading on the LSE, decreased 58% to £4.7 billion, and the average daily volume dropped 28% to 659,409.
There were 21 trading days on the London Stock Exchange and Borsa Italiana in January 2009, one fewer than January 2008.