ETF & ETP April Update. London Stock Exchange Group Page 1

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1 ETF & ETP April Update London Stock Exchange Group Page 1

2 Highlights Listings 12 new ETFs and 7 other ETPs (ETCs and ETNs) were listed on London Stock Exchange in March 2015 There are now 781 ETFs (available as 1,190 lines through multi-currency offerings) and 366 ETCs/ETNs (available as 417 lines) on our London market Trading activity Total on-exchange value traded for ETFs in March 2015 was 22.7 billion (267k trades), up by 95% compared to last year Total on-exchange value traded for other ETPs (ETCs and ETNs) in March 2015 was 1.9 billion (45k trades), up by 2% compared to last year London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and Exchange Traded Commodities (ETC) trading in Europe Market coverage 22 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book In addition, more than 400 brokers and member firms from over 20 countries are connected to the London Stock Exchange's order book and have access to trade ETFs London Stock Exchange Group Page 2

3 London ETF market growth Total ETF/ETP on-exchange turnover for March 2015 was 24.6 billion with 312k trades 300,000 24, , ,000 Number of Trades Turnover (millions) 20,000 16, ,000 12, ,000 8,000 50,000 4, London Stock Exchange Group Page 3

4 Leading European market: Turnover London Stock Exchange ETF trading is the largest in Europe with 33.4% market share in February 2015 London Stock Exchange Group Charts: Deutsche Bank European Monthly ETF Market Review - March 2015 Page 4 Turnover figures are in million Euros

5 Leading European market: Commodity Products London Stock Exchange ETC market has the highest turnover market share in on-exchange ETC trading London Stock Exchange Group Charts: Deutsche Bank European Monthly ETF Market Review - March 2015 Page 5 Turnover figures are in million Euros

6 Top 10 Most Traded Products (order book) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) March 2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % of market Number of trades % of market Volume traded % of market Average trade size ( ) Time weighted average spread (bp) ISF 697,514,180 39, ,795, % 21.9% 30.7% 17, VUSD 409,069,170 3,936 15,474, % 2.2% 4.7% 103, CSPX 283,458,099 1,464 2,229, % 0.8% 0.7% 193, IUSA 196,505,428 15,123 14,189, % 8.3% 4.3% 12, IDWR 172,524,503 1,295 7,020, % 0.7% 2.1% 133, VUKE 127,370,271 2,202 4,116, % 1.2% 1.2% 57, IDUS 125,442,546 1,347 9,051, % 0.7% 2.7% 93, VUSA 124,070, ,685, % 0.4% 1.4% 188, IHYG 96,764,702 2,645 1,235, % 1.5% 0.4% 36, IEMB 93,976,188 2,124 1,278, % 1.2% 0.4% 44, Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) March 2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % of market Number of trades % of market Volume traded % of market Average trade size ( ) Time weighted average spread (bp) GBS 207,162,909 3,886 2,772, % 13.0% 0.6% 53, PHAU 146,732,028 3,833 1,928, % 12.9% 0.4% 38, CRUD 130,334,352 3,690 15,794, % 12.4% 3.4% 35, SGLD 74,069,725 1, , % 6.5% 0.2% 38, XGLD 25,310, , % 1.1% 0.1% 76, AIGE 21,478, ,903, % 0.6% 1.3% 127, LOIL 21,050,826 2,045 41,438, % 6.9% 8.9% 10, AIGI 17,019, ,185, % 0.7% 0.5% 84, OILB 16,458, , % 2.0% 0.2% 27, PHGP 16,401,058 1, , % 4.3% 0.0% 12, London Stock Exchange Group Page 6 Note: Time weighted average spread uses best bid and best offer prices from the order book

7 Top 10 Most Traded Products (on-exchange*) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) March 2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % of market Number of trades % of market Volume traded % of market Average trade size ( ) Time weighted average spread (bp) ISF 1,008,450,600 46, ,070, % 17.3% 15.9% 21, JPXU 714,109, ,468, % 0.2% 1.0% 1,555, VUSD 675,891,629 4,322 25,538, % 1.6% 2.8% 156, IEMB 644,045,222 2,400 8,806, % 0.9% 0.9% 268, IUSA 558,120,412 18,324 40,095, % 6.9% 4.3% 30, SPXS 514,181, ,210, % 0.1% 0.2% 1,452, IHYG 509,031,417 2,916 6,470, % 1.1% 0.7% 174, IHYU 435,511,642 1,545 5,952, % 0.6% 0.6% 281, CSPX 406,696,515 1,680 3,200, % 0.6% 0.3% 242, IEEM 348,305,025 1,888 13,937, % 0.7% 1.5% 184, Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) March 2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % of market Number of trades % of market Volume traded % of market Average trade size ( ) Time weighted average spread (bp) GBS 379,216,793 4,305 5,043, % 9.6% 0.8% 88, PHAU 280,156,373 4,322 3,712, % 9.6% 0.6% 64, CRUD 166,670,413 4,715 20,147, % 10.5% 3.3% 35, SGLD 140,772,936 2,008 1,817, % 4.5% 0.3% 70, COPA 83,194, ,593, % 0.5% 0.8% 349, PHAG 66,358, ,430, % 1.3% 1.1% 117, SBUL 61,518, ,240, % 0.2% 0.5% 574, AIGE 43,643, ,880, % 0.5% 2.0% 207, PHGP 42,386, , % 6.9% 0.1% 13, SOIL 37,583, , % 1.0% 0.1% 86, Note: Time weighted average spread uses best bid and best offer prices from the order book London Stock Exchange Group Page 7 *Includes non-order book trades reported to the London Stock Exchange on-exchange

8 Trade Size Stats March Average order book trade size for ETFs was 36k Average order book trade size for other ETPs was 32k London Stock Exchange Group 13 April 2015 Page 8

9 New Products March TIDM Instrument name ISIN Code First trading date Currency XRSU DBXT RUSL 2000 ACC - 1C IE00BJZ2DD USD XRMU DBXT RUSL MID ACC - 1C IE00BJZ2DC USD XDPG DBXT S&P500 GBP ACC - 1C IE00BM67HX GBX CCMR CBK CCBI RQFII MONEY MARKET UCITS ETF GB00BVJF7G CNY CCMG CBK CCBI RQFII MONEY MARKET UCITS ETF GB00BVJF7H GBP CCME CBK CCBI RQFII MONEY MARKET UCITS ETF GB00BVJF7F EUR UKRE ISHARES MSCI TARGET UK REAL ESTATE IE00BRHZ GBX N4US SOURCE NIKKEI 400 UCITS ETF USD HEDGED IE00BVGC USD UI18 ISHARES IBONDS SEP 2018 USD CORPORATE IE00BVC3VM USD UC90 UBS ETF CMCI COMPOSITE GBP A-ACC IE00B50XJX GBX UC87 UBS ETF MSCI CANADA HDG TO GBP A-ACC LU GBX UC88 UBS ETF MSCI CANADA HDG TO GBP A-DIS LU GBX GE05 SG ISSUER - SG GLOBAL EXPLORER ETN JE00BVXVSX GBP 5UKL SG ISSUER - SG FTSE 100 X5 DAILY LONG JE00BVXVSY GBP 5UKS SG ISSUER - SG FTSE 100 X5 DAILY SHORT JE00BVXVSZ GBP 5DEL SG ISSUER - SG DAX X5 DAILY LONG JE00BVXVT GBP 5DES SG ISSUER - SG DAX X5 DAILY SHORT JE00BVXVT GBP EU5L SG ISSUER - SG SX5E X5 DAILY LONG JE00BVXVT GBP EU5S SG ISSUER - SG SX5E X5 DAILY SHORT JE00BVXVT GBP London Stock Exchange Group Page 9

10 Product Growth Number of new listings year on year ETFs ETPs London Stock Exchange Group Page 10

11 Products by Issuer Issuer Number of ETFs Ranking ishares DB X-Trackers Lyxor 96 3 UBS ETF 71 4 SSGA SPDR 63 5 Amundi ETF 45 6 Source 44 7 HSBC ETFS 28 8 Invesco Powershares 16 9 Vanguard ETF Securities Ossiam 9 11 Pimco 7 12 RBS Market Access 6 13 WisdomTree 6 13 First Trust 4 14 Commerzbank / CCBI 3 15 Nomura 2 16 Ashmore 2 16 Finex 1 17 Fundlogic Alternatives 1 17 Total 781 Issuer Number of Other ETPs Ranking ETF Securities UBS AG 66 2 Boost ETP 39 3 DB ETC 18 4 Barclays Bank 13 5 SG 7 6 ishares 4 7 Source 4 7 Codeis Securities 1 8 Total 366 London Stock Exchange Group Page 11 *Data as of 8th April 2015

12 Issuer Turnover (ETFs) March Issuer Value traded ( ) Trades Volume Value traded % of market Trades % of market Volume % of market ishares 13,910,888, , ,921, % 65.8% 61.8% 1 Lyxor 1,744,310,708 4,384 35,612, % 1.6% 3.8% 2 Source 1,554,109,733 10,093 24,189, % 3.8% 2.6% 3 Vanguard 1,525,556,742 18,340 58,440, % 6.9% 6.3% 4 DB X-Trackers 1,258,772,905 19,336 99,893, % 7.3% 10.8% 5 SSGA SPDR 1,127,630,576 15,005 32,226, % 5.6% 3.5% 6 HSBC ETFS 608,868,455 11,398 49,449, % 4.3% 5.3% 7 UBS ETF 380,046,285 3,664 17,752, % 1.4% 1.9% 8 Pimco 174,695,671 1,301 2,532, % 0.5% 0.3% 9 ETF Securities 168,377,970 4,191 9,443, % 1.6% 1.0% 10 Amundi ETF 149,048, ,509, % 0.3% 2.2% 11 Ossiam 33,139, , % 0.2% 0.0% 12 Invesco Powershares 30,756,554 1,062 2,096, % 0.4% 0.2% 13 Nomura 12,860, , % 0.1% 0.0% 14 First Trust 5,428, , % 0.1% 0.0% 15 WisdomTree 5,040, , % 0.1% 0.0% 16 Fundlogic 1,201, , % 0.0% 0.0% 17 Finex 293, , % 0.0% 0.0% 18 RBS Market Access 211, , % 0.0% 0.0% 19 CCBI Commerzbank 145, , % 0.0% 0.0% 20 Ashmore 74, , % 0.0% 0.0% 21 Total 22,691,457, , ,273,373 London Stock Exchange Group Page 12 Ranking

13 Issuer Turnover (Other ETPs) March Issuer Value traded ( ) Trades Volume Value traded % of market Trades % of market Volume % of market Ranking ETF Securities 1,588,801,622 35, ,854, % 78.8% 98.7% 1 Source 164,316,567 2,343 2,244, % 5.2% 0.4% 2 Boost ETP/ WisdomTree 60,752,743 4,892 2,941, % 10.9% 0.5% 3 DB ETC 38,561, , % 1.9% 0.1% 4 ishares 18,535,094 1,278 1,232, % 2.8% 0.2% 5 Societe Generale 943, , % 0.1% 0.0% 6 Codeis Securities 837, , % 0.0% 0.0% 7 UBS AG 791, , % 0.1% 0.0% 8 Barclays Bank 754, , % 0.2% 0.1% 9 Total 1,874,293,189 45, ,504,761 London Stock Exchange Group Page 13

14 Fixed Income ETFs - product range and turnover With over 50% market share, LSE has by far the highest on-exchange turnover for fixed income ETFs in Europe There are over 150 fixed income ETFs listed on the LSE 80% of the European top 20 fixed income ETFs by value traded are LSE listed Top 10 fixed income ETFs by monthly on-exchange turnover ( million) London Stock Exchange Deutsche Börse Table: Deutsche Bank European Monthly ETF Market Review March 2015 London Stock Exchange Group

15 Leading European market: Net New Assets 5 out of the top 10 European ETPs ranked by YTD inflows were London Stock Exchange-listed Source: BlackRock ETP landscape (March 2015) London Stock Exchange Group Page 15

16 Contact details Exchange Traded Products London Stock Exchange 10 Paternoster Square London EC4M 7LS Tel: +44 (0) London Stock Exchange Group Page 16