Increase in transactions good news for wealth management?

Those with private wealth may be interested to learn the latest London Stock Exchange figures show the number of trades recorded on its electronic order books increased in several markets.

Total trades in November rose by 14 per cent compared with the same period last year to 24.5 million, worth a combined value of £187.2 billion.

Almost seven million deals involving derivatives were completed in November, a hike of 27 per cent from the previous month.

Meanwhile, sales of UK equities also experienced an upsurge, with the average daily amount for November climbing four per cent.

There was positive movement in the exchange traded products and fixed income markets, where transactions expanded by 39 per cent and 31 per cent respectively.

Despite the economic downturn, account Ernst & Young claimed 2011 could be a record year for firms floating on the stock exchange to raise capital, with funds raised expected to top $300 billion (£190 billion). ADNFCR-2318-ID-800279227-ADNFCR