London Stock Exchange Group PLC Trading Statement (1140A)
December 18 2014 - 2:00AM
UK Regulatory
TIDMLSE
RNS Number : 1140A
London Stock Exchange Group PLC
18 December 2014
18 December 2014
LONDON STOCK EXCHANGE GROUP plc
PRE-CLOSE TRADING UPDATE
Unless otherwise stated, the following commentary refers to
non-financial KPIs for the eleven months ended 30 November 2014
and, where appropriate, to the corresponding period last year.
-- Good year-on-year increases in activity across all main LSEG businesses
-- GBP41.0 billion equity capital raised on the Group's markets
for the period (2013: GBP26.7 billion): 193 new issues (2013: 140);
new issue pipeline remains encouraging
-- Average daily UK equity value traded up 12 per cent; Italian
average daily volumes up 16 per cent
-- Fixed income cash markets value traded increased 35 per cent
and MTS money markets (repo) value traded increased 1 per cent
-- Italian clearing volumes increased 14 per cent; initial
margin held decreased 15 per cent, averaging EUR9.9 billion
-- SwapClear interest rate swap clearing showed strong growth in
notional cleared of $606 trillion, up 29 per cent, with $271
trillion compressed contributing to a year-to-date net reduction in
notional outstanding of $22 trillion; Global client swap clearing
was up 126 per cent at $117 trillion; over $186 trillion cleared
since launch of service
-- LCH.Clearnet's fixed income clearing increased 1 per cent to
EUR67.7 trillion; listed derivatives clearing also rose 2 per cent;
and, equities clearing increased 29 per cent on the same period
last year
-- ETF assets benchmarked to FTSE up 20 per cent; demand for
other information products, including UnaVista and SEDOL, remained
strong. Professional users of UK market real time information
decreased 5 per cent and users of Italian data increased 1 per cent
year on year
-- LSEG announced completion of acquisition of Frank Russell
Company on 3 December 2014; the comprehensive review of Russell's
investment management business is making good progress and is on
track to be completed early in 2015
Commenting on performance for the period, Xavier Rolet, Group
Chief Executive, said:
"The Group has made good progress this year, with strong
performances across all our main business areas. We are also
pleased to have recently completed the acquisition of Frank Russell
Company and work is already well underway to integrate the Russell
and FTSE indices operations to deliver significant cost and revenue
benefits.
"The Group continues to develop, diversify and evolve. We now
have strong market positions in a wide range of businesses and
geographies, including North America."
The Group expects to announce its Preliminary results for the
period ending 31 December 2014 on 5 March 2015.
Further information is available from:
London Stock Exchange Victoria Brough - Media +44 (0) 20 7797 1222
Group plc Paul Froud - Investor Relations +44 (0) 20 7797 3322
RLM Finsbury Guy Lamming / David Henderson +44 (0) 20 7251 3801
Additional information on London Stock Exchange Group can be
found at www.lseg.com
Key Performance Indicators
Capital Markets - Primary Markets
Eleven months ended
30 November Variance
--------------
2014 2013 %
New Issues
UK Main Market, PSM & SFM 68 43 58%
UK AIM 101 86 17%
Borsa Italiana 24 11 118%
Total 193 140 38%
----------------------------- ------ ------ ---------
Company Numbers (as at
period end)
UK Main Market, PSM & SFM 1,349 1,359 (1%)
UK AIM 1,099 1,094 0%
Borsa Italiana 305 285 7%
Total 2,753 2,738 1%
----------------------------- ------ ------ ---------
Market Capitalisation (as
at period end)
UK Main Market (GBPbn) 2,265 2,224 2%
UK AIM (GBPbn) 72 73 (1%)
Borsa Italiana (EURbn) 485 443 9%
Borsa Italiana (GBPbn) 386 370 4%
Total (GBPbn) 2,723 2,667 2%
----------------------------- ------ ------ ---------
Money Raised (GBPbn)
UK New 14.8 11.2 32%
UK Further 15.9 14.4 10%
Borsa Italiana new and
further 10.3 1.1 836%
Total (GBPbn) 41.0 26.7 54%
----------------------------- ------ ------ ---------
Capital Markets - Secondary
Markets
Eleven months ended
30 November Variance
----------------
Equity 2014 2013 %
Totals for period
UK value traded (GBPbn) 1,069 952 12%
Borsa Italiana (no of
trades m) 61.7 53.4 16%
Turquoise value traded
(EURbn) 863.5 606.4 42%
SETS Yield (basis points) 0.63 0.66 (5%)
Average daily
UK value traded (GBPbn) 4.6 4.1 12%
Borsa Italiana (no of
trades '000) 265 228 16%
Turquoise value traded
(EURbn) 3.67 2.57 43%
Derivatives (contracts
m)
LSE Derivatives 10.8 15.6 (31%)
IDEM 35.8 30.3 18%
Total 46.6 45.9 2%
--------------------------- ------- ------- ---------
Fixed Income
MTS cash and BondVision
(EURbn) 3,933 2,921 35%
MTS money markets (EURbn
term adjusted) 68,066 67,591 1%
Post Trade Services - CC&G and Monte
Titoli
Eleven months ended
30 November Variance
--------------
2014 2013 %
CC&G Clearing (m)
Equity clearing (no of
trades) 64.5 56.1 15%
Derivative clearing (no
of contracts) 35.8 31.7 13%
Total 100.3 87.8 14%
------------------------------ ------- ----- ---------
Open interest (contracts
as at period end) 6.0 6.4 (6%)
Initial margin held (average
EURbn) 9.9 11.6 (15%)
Monte Titoli
Settlement instructions
(trades m) 60.1 52.7 22%
Custody assets under
management (average EURtn) 3.30 3.34 (1%)
Post Trade Services - LCH.Clearnet
Eleven months ended
30 November Variance
--------------
2014 2013 %
OTC derivatives
SwapClear
IRS notional outstanding
($trn) 404 452 (11%)
IRS notional cleared
($trn) 606 469 29%
SwapClear members 113 103 10%
CDSClear
Open interest (EURbn) 37.4 23.6 58%
Notional cleared (EURbn) 58.4 166.8 (65%)
CDSClear members 10 11 (9%)
ForexClear
Notional value cleared
($bn) 817 830 (2%)
ForexClear members 21 19 11%
------------------------------- ------ ------ ---------
Non-OTC
Fixed income - Nominal
value (EURtrn) 67.7 67.2 1%
Commodities (lots m) 123.6 112.9 9%
Listed derivatives (contracts
m) 163.0 159.4 2%
Cash equities trades
(m) 414.1 321.0 29%
------------------------------- ------ ------ ---------
Average cash collateral
(EURbn) 47.1 39.5 19%
Information Services
As at
30 November Variance
------------------
2014 2013 %
Terminals
UK 76,000 80,000 (5%)
Borsa Italiana Professional
Terminals 130,000 129,000 1%
FTSE ETFs assets under
management benchmarked
($bn) 222 185 20%
This information is provided by RNS
The company news service from the London Stock Exchange
END
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