Capital raised on London Stock Exchange rockets by 91pc
The London Stock Exchange (LSE) has seen the amount of money raised on its markets rocket by 91 per cent to £28bn for the 11 months to February 2014.
The rise provides yet more evidence of London's flotation flurry.
New issues climbed from 107 to 109 for the period. Derivatives trading volumes also jumped by by 17 per cent. The LSE added there were "continuing good signs of issuance activity in the period ahead."
The average daily UK equity value rose eight per cent, while Italian average daily volumes were up three per cent, with growth rates in the two markets during the fourth quarter amounting to 23 per cent and 13 per cent respectively.
Chief Executive Xavier Rolet, said:
The Group is seeing good performance across our businesses in the final quarter. Both primary and secondary market activity levels have increased over the past year, with improvements in capital markets also feeding through to our Post Trade businesses. The clearing volumes in the SwapClear OTC business continue to grow and we are pleased with its performance.
The group believes it is well positioned and was pleased to note the EU agreement on MiFID2, with provisions on open access for clearing houses and index licensing, which may open up more opportunities for the group.