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In November 2009 Boerse Stuttgart's order book statistics showed a trading volume of EUR 7.3 billion, a 15 percent decline compared with October. In a year-on-year comparison volumes were down by 10 percent. Investment fund trading at the Stuttgart stock exchange proved to be robust with volumes up by 52 percent to EUR 414 million in comparison with November 2008 and by 7 percent compared with the previous month. Trading in reverse convertibles, accounting for 144 million, was also up sharply. In these products Boerse Stuttgart recorded a growth of 18 percent as compared with October and as much as 788 percent compared with November 2008.
The strong growth in investment fund trading was mainly driven by exchange-traded funds (ETFs), which accounted for some EUR 337 million of the turnover, up by more than 60 percent in comparison with the same month in 2008. "Within just a few years ETFs have become the top performing investment fund category at the Stuttgart stock exchange. We have responded to this development with our new trading segment, ETF Bestx, further improving the terms for trading by private investors and offering the best tradable prices in the whole of Germany," said Oliver Hans, Managing Director of Baden-Wuerttembergische Wertpapierboerse.
Securitised derivates accounted for the lion's share of the trading volume (EUR 3.9 billion). Among the leverage products Boerse Stuttgart recorded a trading volume of more then EUR 2.1 billion. Investment products (EUR 1.8 billion) were 5 percent up on the previous month's figures. In bond trading, the second biggest performer among the asset categories at Boerse Stuttgart, volumes amounted to EUR 2.1 billion. Corporate bonds performed particularly well with volumes of EUR 1.4 billion.
