This will be a record year for equity trading on the London Stock Exchange, the LSE said Monday.

The number of trades grew 23% to November, ahead of the 18% five-year compound annual growth rate since 1999.

From January to the end of November, there were 74.5 million trades. That’s more than eight million trades higher than the total for the whole of 2004. The value traded so far this year is £4.8 trillion, also exceeding the total for last year.

Exchange-traded funds had an excellent month, with the number of ETF trades up 39% on November last year to a record 13,631. The total value traded also reached a new high, increasing 132% to £1.3 billion. This included trading in 10 new ETFs that listed during the month.

Trading in covered warrants also made good progress, with the total number of trades reaching 6,975, and the value traded up 20% on November 2004 to £25 million.

There were nine IPOs on the Main Market during November, raising £761 million in total. This included two IPOs from international companies. There were 18 IPOs on AIM, the London Stock Exchange’s international market for smaller, growing companies, raising £392 million between them.