London Stock Exchange Group said today that it was confident of a good outcome for the financial year ending March 31.
The LSE, which is set to announce its preliminary results on May 22, said it had delivered a strong overall trading performance for the first 11 months. It also said it had bought back nearly 2.9 million shares at a total cost of £45m sterling since mid-January.
The average number of trades on SETS, the electronic platform of the LSE, rose 86% in the 11 months ended February to 629,000 a day, thanks to high levels of market volatility and the introduction of trading engine TradElect, which went live in June.
But the average value of a SETS bargain decreased 23% to £14,300 and the average yield per bargain dropped 33.6% to £0.89.
Trading at Borsa Italiana, which the LSE acquired in October, increased 23% to 288,000 trades per day in the same period, with the average daily value up 30% at €6.2 billion.
The LSE saw 365 IPOs in London, down from 470 a year ago. New issues on London's Alternative Investment Market (AIM) dropped 33% to 251.
