(Adds further trading detail)
LONDON, March 27 The London Stock Exchange
said on Thursday that money raised on its markets soared
by 91 percent in the 11 months to the end of February and that
there was a good pipeline ahead.
In a pre-close statement, the LSE said total equity capital
raised so far in its financial year was 28.3 billion pounds
($46.9 billion), compared with 14.8 billion pounds in the same
period last year. The number of new issues rose to 162 from 107.
The exchange reported a rise of 8 percent in the average
value of daily trading on its flagship British stock market. At
its Italian business, average daily volumes were up 3 percent.
Growth rates in both markets have strengthened in the fourth
quarter, up 23 and 13 percent respectively.
Derivatives trading volumes rose 17 percent compared with
the previous year.
Fixed income was even stronger, with the value traded on the
electronic fixed income market MTS up 46 percent, although the
retail bond market MOT saw a 9 percent fall.
LCH.Clearnet, the clearing house in which the LSE acquired a
majority stake last May, also saw growth, the statement said.
"The Group is seeing good performance across our businesses
in the final quarter," Chief Executive Xavier Rolet said.
"Both primary and secondary market activity levels have
increased over the past year."
London equity issues have soared this year as companies seek
to take advantage of firm stock markets with initial public
offerings and share sales.
Thomson Reuters data showed this month that the LSE has seen
the highest levels of listings by number and volume since the
first quarter of 2007.
($1 = 0.6037 British Pounds)
(Reporting by Freya Berry; editing by Huw Jones and Kevin