The London Stock Exchange set new trading records during October.

The LSE says the average daily number of equity trades carried out across the Exchange was 357,658, bringing the total number of trades during the month to a record 7.5 million, an increase of 30% on the number of trades during October last year.

The average daily value traded was £22.8 billion, up 26% on October 2004, and the total value traded during the month was £478.7 billion.

Trading in ETFs was strong, with the total number of ETF trades during October up 86% on the previous year to 12,008, and the total value traded up 226% on the previous year to £1.1 billion.

The primary market also had a very good month in October, with a total of 32 IPOs raising just over £2.5 billion between them, the largest amount raised by IPOs in a single month since February 2001. Of these, 10 IPOs were on the Main Market, raising £2.0 billion between them, including three IPOs from international companies. There were 20 IPOs on AIM during October, raising £507 million between them.