LSE trading up in H1 but slowed in Q2

London Stock Exchange said the value of equities traded was up 12% on the year, maintaining market share in its key UK business, but volumes declined in the second quarter.
The LSE was boosted by its Italian subsidiary Borsa Italiana, which saw traded equities rise by 20%.
Average daily value traded for the five month period was 5 bln pounds ($7.94 bln), but fell to 4.2 bln pounds a day in the second quarter to date.
"Actions taken to improve UK equities trading are taking effect, with share of trading resilient in the past few months," said chief executive Xavier Rolet in a statement.
The LSE said its share of total UK cash equities had been broadly stable over the period at 57.6%.
The exchange's alternative trading platform Turquoise was stable over the period with 3.2% market share in Europe but became the largest in so-called dark pool trading.
The LSE became a majority owner of Turquoise in December in an attempt to address a chink in its business model.