9 June 2005
SETSmm CONTRIBUTES TO GROWTH IN ORDER BOOK VOLUME DURING MAY
SETSmm, the London Stock Exchange’s hybrid trading system, showed particularly strong growth during May 2005. During the month, the average daily number of order book trades increased by 110 per cent on May 2004 to 28,819 and the average daily value traded increased 57 per cent to £251.6 million.
SETS overall accounted for a significant proportion of the growth in trading activity during May with a total of 4,010,602 trades, an increase of 29 per cent on the number of trades on SETS in May last year. The average daily number of trades increased 23 per cent to 200,530. The total value traded on SETS for the month was £73.0 billion, up 3 per cent on the total value traded on SETS during the comparable period last year.
The total number of equity trades carried out across the Exchange during the month was 6,206,471, up 25 per cent on the total number of trades carried out during May last year. The average daily number of trades was up 19 per cent to 310,324 and the average daily value traded was £19.2 billion.
ETF trading also continued to grow, with the average daily value traded in ETFs up 21 per cent on May 2004 to £30.1 million, and the average daily number of trades up 14 per cent to 472.
The primary market saw a total of 28 IPOs. Of these, 5 were IPOs on the Main Market, including one international company, raising a total of £805.8 million between them. There were 23 IPOs on AIM during the month raising £328.6 million between them.
There were 20 business days in May 2005, compared with 19 in May 2004.
For further information, please contact:
Catherine Mattison Press office +44 (0)20 7797 1395
newsroom@londonstockexchange.com