Based on its order book statistics, Boerse Stuttgart turned over roughly EUR 7.7 billion in July 2015. The total volume of trading was therefore unchanged on the preceding month and 9 percent up on the figure for July 2014.
Exchange-traded products (ETPs) delivered the biggest increase. In this asset class, order book turnover for July 2015 was approximately EUR 1.2 billion, around 21 percent up on the June total and nearly 83 percent higher compared with the same month in 2014. This rise was mainly attributable to exchange-traded funds (ETFs). ‘The consistent increases we have seen in turnover for ETFs show that retail investors are using this asset class more and more to position themselves in a dynamic market environment and to implement a wide range of trading strategies,’ observed Michael Görgens, Head of Fund and Bond Trading at Boerse Stuttgart.
Trading in securitised derivatives rose by 8 percent year-on-year to generate around EUR 3.6 billion, thus accounting for a large share of total turnover in July. Within this asset class, leverage products and investment products contributed over EUR 1.94 billion and over EUR 1.64 billion respectively.
The July total for trading in debt instruments was around EUR 1.4 billion, slightly down on the previous month. At EUR 946 million, corporate bonds generated the biggest share of turnover in this asset class.
Turning to equities, the total volume of trading ended the month at roughly EUR 1.4 billion, over 12 percent higher compared with the figure for June and almost 25 percent up compared with July 2014. Trading in German equities generated more than EUR 1 billion in July, while international equities contributed nearly EUR 355 million – an increase of over 33 percent on the total for June 2015.
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 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.
