London Stock Exchange Group PLC Trading Statement (1556R)
June 25 2015 - 2:00AM
UK Regulatory
TIDMLSE
RNS Number : 1556R
London Stock Exchange Group PLC
25 June 2015
25 June 2015
LONDON STOCK EXCHANGE GROUP plc
PRE-CLOSE PERIOD TRADING UPDATE
Unless otherwise stated, the following commentary refers to the
five months ended 31 May 2015 and, where appropriate, to the
corresponding period last year.
-- Group continues to perform well
-- FTSE and Russell making good progress - FTSE total ETF AUM
benchmarked up 14 per cent to $236 billion and Russell ETF AUM up
22 per cent to $157 billion; both index businesses now combined as
FTSE Russell
-- Good demand for other Information Services products,
including UnaVista and SEDOL. Professional users of both UK and
Italian market real time information declined slightly against Q1
2015
-- LCH.Clearnet has delivered a good performance in all OTC areas:
- Increased use of compression services through LCH.Clearnet,
with $144 trillion compressed in total in the period, helping
reduce IRS notional outstanding to $292 trillion, down 30 per
cent
- CDS notional cleared of EUR45.1 billion, up 28 per cent
- Forex notional cleared of $431 billion, up 29 per cent
- Fixed income clearing of EUR30.3 trillion was flat on last year
- Cash equities and listed derivatives clearing were up 20 per
cent and down 25 per cent respectively (reflecting decline in
derivative trading levels in customer venues)
-- Total equity capital raised on the Group's markets for the
period of GBP16.5 billion (2014: GBP17.6 billion), with 40 UK Main
Market new issues (2014: 31) and 10 in Italy (2014: 9); the new
issue pipeline remains promising
-- In fixed income trading, MTS money markets (repo) value
traded increased 26 per cent while cash markets value traded
declined 4 per cent
-- Average daily UK equity value traded was up 8 per cent to
GBP5.3 billion, Italian average daily volumes rose 6 per cent
-- Italian clearing volumes increased in line with Italian
equities and derivatives trading levels, up 7 per cent in total;
initial margin held increased 9 per cent, averaging EUR11.9
billion
-- Good progress continues to be made on the Russell Investment Management divestment process
Commenting on performance for the period, Xavier Rolet, Group
Chief Executive, said:
"The Group has continued to perform well and we have delivered a
positive operational performance in the period. Our index
businesses have shown good growth, and are now combined as a global
business as FTSE Russell. Good performance across Capital Markets
is also reflected in increased activity in our clearing businesses
and LCH.Clearnet has seen further progress in OTC services.
"The Group remains well positioned for the changing regulatory
and competitive landscape and continues to develop a broad range of
opportunities to serve our clients globally on an open access
basis. We are focused on achieving integration and efficiency
benefits, both from the acquisitions we have made and organically,
including the many initiatives highlighted in our Post Trade
strategy update last month."
The Group expects to announce its Interim results for the six
months ending 30 June 2015 on 5 August 2015.
Further information is available from:
London Stock Exchange Group plc
+44 (0) 20 7797
1222
Victoria Cowley Media +44 (0) 20 7797
Paul Froud Investor Relations 3322
Guy Lamming / Mike +44 (0) 20 7251
Turner Finsbury 3801
Key Performance Indicators
Capital Markets - Primary
Markets
Five months ended
31 May Variance
------------
2015 2014 %
New Issues
UK Main Market,
PSM & SFM 40 31 29%
UK AIM 24 51 (53%)
Borsa Italiana 10 9 11%
Total 74 91 (19%)
---------------------- ----- ----- ---------
Money Raised (GBPbn)
UK New 4.9 7.5 (35%)
UK Further 11.1 7.7 44%
Borsa Italiana new
and further 0.5 2.4 (79%)
Total (GBPbn) 16.5 17.6 (6%)
---------------------- ----- ----- ---------
Capital Markets - Secondary
Markets
Five months ended
31 May Variance
----------------
Equity 2015 2014 %
Totals for period
UK value traded
(GBPbn) 543 501 8%
Borsa Italiana (no
of trades m) 31.1 29.7 5%
Turquoise value
traded (EURbn) 480 387 24%
SETS Yield (basis
points) 0.62 0.62 0%
Average daily
UK value traded
(GBPbn) 5.3 4.9 8%
Borsa Italiana (no
of trades '000) 302 285 6%
Turquoise value
traded (EURbn) 4.6 3.7 24%
Derivatives (contracts
m)
LSE Derivatives 2.0 7.2 (72%)
IDEM 17.7 16.4 8%
Total 19.7 23.6 (17%)
------------------------- ------- ------- ---------
Fixed Income
MTS cash and BondVision
(EURbn) 1,827 1,900 (4%)
MTS money markets
(EURbn term adjusted) 37,966 30,018 26%
Post Trade Services - CC&G and
Monte Titoli
Five months ended
31 May Variance
------------
2015 2014 %
CC&G Clearing
Contracts (m) 50.8 47.4 7%
Initial margin held
(average EURbn) 11.9 10.9 9%
Monte Titoli
Settlement instructions
(trades m) 28.8 28.4 1%
Custody assets under
management (average
EURtn) 3.32 3.37 (1%)
Post Trade Services -
LCH.Clearnet
Five months ended
31 May Variance
--------------
2015 2014 %
OTC derivatives
SwapClear
IRS notional outstanding
($trn) 292 418 (30%)
IRS notional cleared
($trn) 214 277 (23%)
SwapClear members 112 105 7%
CDSClear
Notional cleared
(EURbn) 45.1 35.3 28%
CDSClear members 11 9 22%
ForexClear
Notional value
cleared ($bn) 431 334 29%
ForexClear members 23 20 15%
-------------------------- ------ ------ ---------
Non-OTC
Fixed income -
Nominal value (EURtrn) 30.3 30.2 0%
Listed derivatives
(contracts m) 58.6 78.3 (25%)
Cash equities trades
(m) 224.8 187.3 20%
-------------------------- ------ ------ ---------
Average cash collateral
(EURbn) 55.3 43.9 26%
Information Services
As at
31 May Variance
-------------------
2015 2014 %
Terminals
UK 75,000 79,000 (5%)
Borsa Italiana Professional
Terminals 128,000 131,000 (2%)
ETFs assets under
management benchmarked
($bn)
FTSE 236 207 14%
Russell Indexes 157 129 22%
Russell Investment
Management AuM ($bn) 270 276 (2%)
Note: FTSE benchmarked AUM figures for Q1 (3 months ended 31
March 2015) have been
amended to $223bn
This information is provided by RNS
The company news service from the London Stock Exchange
END
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