Some 212 million electronic equity trades, with a combined value of £3.2 trillion (€4.7 trillion), were carried out on the cash markets of Borsa Italiana and the London Stock Exchange in 2007. The average daily number of trades over the year increased 55% on 2006 to 839,244, while the average daily value traded grew 41% to £12.8 billion.
In December 2007 alone, a total of 15.9 million equity trades were carried out on the two exchanges’ order books, with the total value traded reaching £201.3 billion. The average daily number of order book trades during the month was 861,718 – an increase of 47% on the same month last year, while the average daily value traded increased 21% to £11.0 billion (€14.9 billion).
The average daily number of UK equity trades on the order book during 2007 was up 75% on last year, reaching 530,239, while the average daily value traded was up 40% to £7.9 billion (€11.5 billion). The total number of UK order books trades during the year was 134.2 million, and the total value traded was £2.0 trillion.
During December 2007, the average daily number of order book trades in UK equities was 591,841, up 76% on 2006. Over the same period, the average daily value traded increased 20% to £6.8 billion.
The total number of order book trades in Italian equities reached 73.1 million in 2007, an increase of 24% on last year, while the total value traded reached €1.6 trillion up 38% on the total for 2006. The average daily number of trades in Italian equities during December 2007 was 248,896, up 4% on December 2006, and the average daily value traded was €4.7 billion, up 3%.
The total number of order book trades in international securities was 4.8 million in 2007, an increase of 139% on the 2 million trades during 2006. The total value traded also grew, up 79% to £147.0 billion.
During December 2007, there were 397,536 electronic trades in international securities across both markets, an increase of 121% on the same month in 2006. The total value traded was £12.8 billion, up 119% on December 2006. The average daily number of trades during the month was 20,982, up 122% on December 2006, and the average daily value traded increased 119% to £673.9 million.