LSE neck and neck with Chi-X in November trade

THE LONDON Stock Exchange group narrowly stayed as Europe’s biggest equity trading venue by turnover in November, with €191.4bn (£163bn) traded across all its venues, figures out yesterday showed.

The LSE’s nearest competitor, multilateral trading facility (MTF) Chi-X Europe, saw turnover of €151.6bn in November but failed to match the LSE’s level even when added to the €35.3bn of its new owner, BATS.

LSE group turnover peaked this year at €270.7bn in August.

Together the two MTFs handled €187bn of turnover, while European rivals NYSE Euronext saw €109.7bn, the figures from the Federation of European Stock Exchanges showed.

But the LSE and its multilateral trading facility Turquoise remained second to Chi-X by number of trades, achieving 32m trades in November compared to 35m for Chi-X and 17.6m for NYSE Euronext.