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According to its order book statistics, Boerse Stuttgart generated turnover in excess of EUR 6.5 billion in September. Although the trading volume was down when compared with the high figure for August, it was almost the same as in September 2014.
Securitised derivatives accounted for the largest portion of the turnover in September, at just under EUR 3 billion. The total trading volume for this asset class since the start of the year is around 20 percent higher than in the same period of 2014. Holger Schleicher, Head of Securitised Derivatives Trading at Boerse Stuttgart, explained: ‘The reason for this trend is the increase in intraday fluctuations in the German blue-chip index DAX. Investors are taking more advantage of the opportunities that securitised derivatives offer in this increasingly volatile market environment.’
The trading volume of leverage products was around EUR 1.6 billion, and thus slightly higher than in September 2014. Investment products contributed more than EUR 1.4 billion to the total turnover in September 2015.
The order book turnover from equity trading was more than EUR 1.1 billion. Trading in this asset class was up more than 5 percent compared with September 2014. Turnover from trading in German equities was around EUR 915 million, while international equities accounted for around EUR 206 million of the total volume.
Turnover from trading in debt instruments (bonds) was in the region of EUR 1.4 billion, slightly lower than in August. Corporate bonds accounted for the largest share of the turnover in September, at more than EUR 911 million.
At more than EUR 994 million, the order book turnover from exchange-traded products (ETPs) exceeded the figure for September 2014 by almost 44 percent. The turnover from investment fund units was more than EUR 92 million.
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 (DDV). This ensures that comparisons between the different exchanges can also be made with regard to securitised derivatives.
