The London Stock Exchange has underlined the changing nature of European equities trading since the emergence of algorithmic trading, by detailing trading figures for the past year that show volumes are up but the value of individual trades has been watered down.
Trading activity on the LSEâs electronic order book increased by a daily average of 56% over the last year to hit 767, 200 trades a day last month, while the daily value of trading rose more slowly, at 6.6% over the 12 months, to reach £8.72bn (â¬10.95bn), meaning the average value of a trade fell 32% from £16,670 to £11,372 over the same period.
