According to its order book statistics, the Stuttgart Stock Exchange generated turnover of around EUR 7.2 billion in August 2012. The trading volume was around the same as in July 2012, but below the outstandingly high trading volume recorded in August 2011 when strong market turbulence resulted in a temporary collapse in markets around the world and an extraordinary increase in trading volumes.
Securitised derivatives accounted for the largest share of the transaction volume. Turnover in this asset class in August was more than EUR 3.6 billion, an increase of just under 2 percent in comparison with the previous month. However, the turnover trend of investment products was very different from that of leverage products. The transaction volume in leverage products was slightly weaker than in July, totalling almost EUR 1.4 billion. By contrast, trading in investment products was up around 12 percent to more than EUR 2.2 billion.
Turnover in debt instrument trading was slightly down on the previous month. Total turnover in this asset class in August was more than EUR 2.1 billion. Corporate bonds accounted for the largest share of the transaction volume at almost EUR 1.2 billion, an increase of 15 percent year on year.
The transaction volume in equity trading was around EUR 885 million in August. Following an increase of 36 percent in July, turnover continued to rise slightly in August. German equities accounted for more than EUR 669 million of turnover, and international equities for more than EUR 215 million.
Turnover in investment fund units and exchange-traded products (ETPs) was in the region of EUR 504 million, about 5 percent below the figure for July. ETPs accounted for around EUR 452 million of the total trading volume. Actively managed investment funds accounted for around EUR 52 million.
Note on the monthly statistics:
Boerse Stuttgart’s monthly statistics are reported on the basis of the order book turnover. The turnovers of all the securities traded on each trading day are documented clearly and verifiably. The recording of securities transactions by order book is practised by all intermediary-based German stock exchanges and serves as a basis for comparing trading turnovers. For the securitised derivatives asset class, Boerse Stuttgart also calculates the trading turnover according to the volume of customer orders executed and forwards these to the German Derivatives Association (Deutscher Derivate Verband - DDV). This ensures that comparisons between the different stock exchanges can also be made with regard to securitised derivatives.