Boerse Stuttgart generated turnover of just under EUR 8.2 billion in March 2014, according to its order book statistics. This represented a slight increase in the trading volume in comparison with February.
Securitised derivatives accounted for the largest share of the turnover. The total trading volume in this asset class in March was more than EUR 3.6 billion, up more than 9 percent on the previous month. The trading volume of investment products was more than EUR 1.7 billion. Turnover in leverage products accounted for around EUR 1.9 billion of the total – an increase of 41 percent in comparison with February.
At more than EUR 1.5 billion, the order book turnover in equity trading was up more than 13 percent on February and up 31 percent on March 2013. Turnover in German equities was around EUR 1.1 billion, while international equities accounted for about EUR 425 million of the total – an increase of almost 64 percent in comparison with March 2013.
Turnover in debt instrument trading amounted to more than EUR 2.1 billion in March. Trading in emerging market bonds recorded the highest growth. With turnover of around EUR 123 million, the trading volume in this asset class was 30 percent higher than in February and more than twice as high as in March 2013.
Fund trading contributed around EUR 853 million to the total turnover in March. This represents growth of 30 percent in the trading volume in comparison with March 2013. The trading volume of exchange-traded products (ETPs) was around EUR 755 million, while turnover in investment fund units was about EUR 98 million.
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 ‘Index and participation certificates (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.
