According to its order book statistics, Boerse Stuttgart generated turnover of more than EUR 8 billion in February 2014. Although the trading volume was down in comparison with January, when trading was particularly strong, it was up more than 4 percent on February 2013.
Securitised derivatives accounted for the largest share of the turnover. In this asset class, the trading volume was more than EUR 3.3 billion in February. Leverage and investment products each accounted for just under EUR 1.7 billion of the turnover.
Trading in equities fell below the record level reached in January but, at more than EUR 1.3 billion, the trading volume was around 30 percent higher than in February 2013. Turnover in German equities was around EUR 978 million, while international equities accounted for more than EUR 373 million – an increase of almost 65 percent in comparison with February 2013.
Turnover in debt instrument trading was around EUR 2.5 billion in February, with trading volumes slightly up on January. Trading in corporate bonds accounted for the largest share of this, at around EUR 1.4 billion.
Investment fund trading accounted for more than EUR 825 million of the total in February, up around 75 percent on February 2013. The trading volume of exchange-traded products (ETPs) was around EUR 729 million, while turnover in investment fund units was just under EUR 97 million.
Monthly Statistics February 2014
Note on the monthly statistics
Since January 2014, order book turnover for factor certificates (under leverage products) has been listed under the heading ‘Exotic products’. This accounts for the sharp increase in this category year on year. Up to the end of 2013, factor certificates were allocated to the category ‘Tracker certificates’. The new structure corresponds to the product classifications used by the German Derivatives Association (Deutscher Derivateverband - DDV).
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 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. This ensures that comparisons between the different exchanges can also be made with regard to securitised derivatives.