Based on the order book statistics, turnover from all trading activities at Boerse Stuttgart in 2015 exceeded EUR 94.2 billion, an increase of more than 7 percent on the previous year. Turnover from exchange-traded products (ETPs) set a new record, with retail investors trading ETPs with a volume of around EUR 12.5 billion, roughly 42 percent up on the previous record in 2014. “It is clear from the consistent growth in ETF turnover that retail investors are increasingly using this asset class to position themselves in a dynamic market environment and implement diverse trading strategies,” observed Michael Görgens, Head of ETF and Bond Trading at Boerse Stuttgart.
Trading in equities also set a new record. Order book turnover in this asset class reached over EUR 17 billion in 2015, smashing the previous record figure, set in 2014, by nearly 16 percent. German and international equities contributed over EUR 12.9 billion and over EUR 4.1 billion respectively to the total.
With a trading volume of around EUR 44.3 billion in securitised derivatives, Boerse Stuttgart again maintained its market leading position in this asset class. As a result of increased volatility, leverage products were in greater demand than investment products. Turnover from leverage products rose by almost 20 percent year on year to reach over EUR 24.4 billion, while investment products generated turnover of approximately EUR 19.9 billion. Overall, the volume of trading in this asset class was slightly up on the previous year.
Order book turnover from exchange trading in debt instruments (bonds) ended the year at over EUR 18.8 billion. In response to the current policy of maintaining low interest rates, the volume of trading in this asset class fell by around 18 percent compared with 2014. At just under EUR 12.8 billion, corporate bonds accounted for the lion’s share of the total. Within Germany, Boerse Stuttgart retained its leading position in corporate bond trading with a market share of around 68 percent.
Trading in investment fund units generated over EUR 1.4 billion in 2015, almost 19 percent up on the previous year.
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Notes on the annual statistics:
Boerse Stuttgart’s annual 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.