London Stock Exchange Group (LSE) said equity capital raisings were down 2% to £40bn in “more challenging market conditions”.
New issues were down to 161 new issues from 193 last year.
In a trading statement, LSE said 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%.
Exchange Trade Fund TF assets benchmarked to FTSE Russell rose 4%, while demand for other information products, including UnaVista and SEDOL, remained strong.
The trend in professional users of real time market data broadly unchanged.Post Trade Services saw an increased use of compression services through clearing house LCH.Clearnet, with $304trln compressed in total in the period, helping reduce interest rate swap notional outstanding to $263 trillion, down 27%. Global client swap clearing was up 67% – with 612,000 trades cleared.