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Home Markets Stocks September Sets Trades Up 52 Per Cent


September Sets Trades Up 52 Per Cent
added: 2006-10-19

During September 2006 the average daily number of trades on SETS increased 52 per cent on September 2005 to 313,188 trades. This is nearly double the 27 per cent growth between September 2004 and September 2005. The acceleration in trading continues to reflect the secular shift in equity trading which is being facilitated by the roll-out of TRM, the Exchange's next generation technology platform.

In total there were 6.6 million trades on SETS during September 2006. The total value traded was £120.8 billion, reflecting a 29 per cent increase in the average daily value traded during the same period last year to £5.8 billion.

Included within the SETS figures, SETSmm had another very strong month. The average daily number of trades increased 103 per cent on September last year to 69,327, while the average daily value traded increased 79 per cent to £530.4 million.

The International Order Book also had another very good month, with an 81 per cent increase in the average daily value traded to £231.6 million, and an increase of 58 per cent in the average daily number of trades.

The total number of UK trades was up 42 per cent on September last year, to an average of 352,115 trades per day, while the value traded in UK equities increased 18 per cent to £11.7 billion.

The total number of trades in ETFs increased 72 per cent year on year to an average 797 trades daily, while the average daily value traded increased 65 per cent to £53.2 million, or a total of £1.1 billion for the month as a whole.

There were two IPOs on the Main Market during September, which raised £292.0 million between them. There were 12 IPOs on AIM, raising £283.2 million between them, including two IPOs by international companies, which raised a total of £153.6 million.

RNS, the Exchange's service for the dissemination of company news, transmitted 13,672 announcements during September. This total included 1,045 results announcements, the first time more than a thousand results announcements have been transmitted by RNS in a single month.

There were 21 trading days in September 2006, one fewer than in September 2005.



Source: London Stock Exchange

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