London Stock Exchange Group PLC Trading Statement (3371J)
December 17 2015 - 2:00AM
UK Regulatory
TIDMLSE
RNS Number : 3371J
London Stock Exchange Group PLC
17 December 2015
17 December 2015
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 2015
and, where appropriate, to the corresponding period last year.
-- Good performance across each of the Group businesses
-- In Information Services:
- Continued momentum in the integration of FTSE Russell and delivery of synergies
- ETF assets benchmarked to FTSE Russell up 4%
- demand for other information products, including UnaVista and SEDOL, remained strong
- trend in professional users of real time market data broadly unchanged
-- In Post Trade Services, LCH.Clearnet has delivered a good performance in all OTC areas:
- increased use of compression services through LCH.Clearnet,
with $304 trillion compressed in total in the period, helping
reduce IRS notional outstanding to $263 trillion, down 27%
- global client swap clearing up 67% - with 612,000 trades cleared
- CDSClear notional cleared up 165% - to EUR155 billion
- ForexClear notional cleared up 19% - to $974 billion
- fixed income clearing broadly unchanged - at EUR67 trillion
- cash equities and listed derivatives clearing up 22% and down
19% respectively, reflecting a continued decline in derivative
trading levels in customer venues
-- In Post Trade Italy, clearing volumes increased 11%; initial
margin held increased 24%, averaging EUR12.3 billion
-- In Capital Markets:
- Primary markets were robust with GBP40 billion equity capital
raised on the Group's markets for the period - down just 2% on last
year in more challenging market conditions - with 161 new issues
(2014: 193)
- Secondary markets saw average daily UK equity value traded up
9%; Italian average daily volumes up 7%; derivatives contracts
traded on IDEM in Italy rose 14%; MTS money markets (repo) value
traded increased 21% and fixed income cash markets value traded
declined 4%
- announcement of CurveGlobal, a new interest rate derivatives
venture with a number of major dealer banks and CBOE, in line with
our open access and partnership approach. Products to be traded on
London Stock Exchange Derivatives market and cleared through
LCH.Clearnet
Commenting on performance for the period, Xavier Rolet, Group
Chief Executive, said:
"The Group has once again delivered a good performance across
our business areas, particularly at LCH.Clearnet and FTSE Russell.
The Capital Markets business delivered a robust performance and the
new issue pipeline remains encouraging.
"We continue to invest in a wide range of attractive organic
growth opportunities, focusing in particular on our Post Trade and
Information Services businesses. The Group continues to innovate
and partner with customers as we deliver on our strategy to be a
leading global, open access market infrastructure business."
The Group expects to announce its Preliminary results for the
period ending 31 December 2015 on 4 March 2016.
Further information is available from:
Gavin Sullivan - +44 (0) 20 7797
Media 1222
London Stock Exchange Paul Froud - Investor +44 (0) 20 7797
Group plc Relations 3322
Guy Lamming / Michael +44 (0) 20 7251
Finsbury Turner 3801
Additional information on London Stock Exchange Group plc can be
found at www.lseg.com
Key Performance Indicators
Capital Markets - Primary
Markets
Eleven months
ended
30 November Variance
----------------
2015 2014 %
New Issues
UK Main Market,
PSM & SFM 82 68 21%
UK AIM 54 101 (47%)
Borsa Italiana 25 24 4%
Total 161 193 (17%)
---------------------- ------- ------- ---------
Money Raised (GBPbn)
UK New 9.5 14.8 (36%)
UK Further 23.5 15.9 48%
Borsa Italiana new
and further 7.0 10.3 (32%)
Total (GBPbn) 40.0 41.0 (2%)
---------------------- ------- ------- ---------
Capital Markets - Secondary
Markets
Eleven months
ended
30 November Variance
----------------
Equity 2015 2014 %
Totals for period
UK value traded
(GBPbn) 1,152 1,069 8%
Borsa Italiana (no
of trades m) 66.3 61.7 7%
Turquoise value
traded (EURbn) 997 864 15%
SETS Yield (basis
points) 0.62 0.63 (2%)
Average daily
UK value traded
(GBPbn) 5.0 4.6 9%
Borsa Italiana (no
of trades '000) 283 265 7%
Turquoise value
traded (EURbn) 4.2 3.67 16%
Derivatives (contracts
m)
LSE Derivatives 4.3 10.8 (60%)
IDEM 40.8 35.8 14%
Total 45.1 46.6 (3%)
------------------------- ------- ------- ---------
Fixed Income
MTS cash and BondVision
(EURbn) 3,792 3,933 (4%)
MTS money markets
(EURbn term adjusted) 82,663 68,066 21%
Post Trade Services - CC&G and
Monte Titoli
Eleven months
ended
30 November Variance
----------------
2015 2014 %
CC&G Clearing
Contracts (m) 111.3 100.3 11%
Initial margin
held (average EURbn) 12.3 9.9 24%
Monte Titoli
Settlement instructions
(trades m) 56.5 60.1 (6%)
Custody assets
under management
(average EURtrn) 3.31 3.30 0%
Post Trade Services -
LCH.Clearnet
Eleven months
ended
30 November Variance
----------------
2015 2014 %
OTC derivatives
SwapClear
IRS notional cleared
($trn) 486 606 (20%)
SwapClear members 115 113 2%
Client trades ('000) 612 367 67%
CDSClear
Notional cleared
(EURbn) 154.9 58.4 165%
CDSClear members 11 10 10%
ForexClear
Notional value
cleared ($bn) 974 817 19%
ForexClear members 23 21 10%
------------------------- ------- ------- ---------
Non-OTC
Fixed income -
Nominal value (EURtrn) 66.9 67.7 (1%)
Listed derivatives
(contracts m) 132.6 163.0 (19%)
Cash equities trades
(m) 504.3 414.1 22%
------------------------- ------- ------- ---------
Average cash collateral
(EURbn) 56.7 47.1 20%
Information Services
As at
30 November Variance
------------------
2015 2014 %
ETFs assets under
management benchmarked
($bn)
FTSE 216 222 (3%)
Russell Indexes 165 146 13%
----------------------------- -------- -------- ---------
Total 381 368 4%
----------------------------- -------- -------- ---------
Terminals
UK 75,000 76,000 (1%)
Borsa Italiana Professional
Terminals 131,000 130,000 1%
Russell Investment
Management AuM ($bn)(1) 247 276 (11%)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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