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

·      £41.0 billion equity capital raised on the Group's markets for the period (2013: £26.7 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 €9.9 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 €67.7 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:

Additional information on London Stock Exchange Group can be found at www.lseg.com

Key Performance Indicators