- London and Milan are largest ETF exchange in Europe
London Stock Exchange Group was last night recognised as 'the largest exchange for ETFs - by volume, for the Europe region', at the 5th Annual Global ETF Awards, hosted by exchangetradedfunds.com.
Pietro Poletto, Head of ETF and ETC markets at the London Stock Exchange Group, said:
“The merger between the London Stock Exchange and Borsa Italiana has given issuers and investors access to a large, liquid and diverse market for ETFs, with over 500 trading members across the Group representing a broad mix of institutional investors, high frequency traders and private investors. This award recognises that we provide Europe's deepest pool of liquidity for both ETF issuers and investors.”
London Stock Exchange Group offers access to 200 ETFs in London and more than 300 in Milan. The two markets will be further integrated later this year when Borsa Italiana’s ETFPlus market is migrated onto the Group’s TradElect trading platform. From this point the Group’s entire ETF, ETC and Exchange Traded Note offering will be traded on a single platform, generating new trading opportunities and greater efficiency for the market as a whole.
The Group’s ETF and ETC markets have continued to grow strongly. During the first three months of 2009, there were 637,125 electronic trades in ETFs and ETCs across the Group, worth a combined total of £20 billion (€22 billion). This was an increase of 27 per cent in the total value traded compared with the same period last year, and of 28 per cent in the total number of trades. In 2008, there were 1.8 million electronic trades in ETFs and ETCs, worth a combined total of £66 billion (€82 billion).
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group is Europe's leading diversified exchange business. It operates Europe's largest and most liquid equity market with over 500 member firms, holds the number one position in trading ETFs and securitised derivatives, and through its interest in MTS, is the leading platform for the trading of fixed income products.
The London Stock Exchange itself is the world's most international exchange with nearly 700 overseas companies from over 70 countries on its markets. It has consolidated this position in the last three calendar years, having attracted 218 international companies which raised over £32 billion between them. These figures include international companies on AIM, the London Stock Exchange's growth market, which has grown to become the world's most successful market for small and medium sized enterprises with over 1500 companies at the end of 2008.
Following its merger with Borsa Italiana in 2007, London Stock Exchange Group also now offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis, and a comprehensive range of European bond trading services through MTS.