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Based on its order book statistics, Boerse Stuttgart generated turnover of around EUR 7.9 billion in August 2015. In a dynamic market environment, the trading volume was up by more than 3 percent compared with July 2015, and by more than 23 percent compared with August 2014.
Securitised derivatives accounted for the largest share of the total turnover, at roughly EUR 3.8 billion – an increase of around 5 percent compared with the previous month. Turnover in leverage products was up around 8 percent compared with July, at around EUR 2.1 billion. Holger Schleicher, Head of Securitised Derivatives Trading at Boerse Stuttgart, commented: ‘The strong increase in volatility resulting from China’s stock market turbulence brought a further increase in trading in leverage products. There were strong intraday fluctuations in the German blue-chip stock index DAX, to which short-term investors responded.’ Turnover in derivative investment products was around EUR 1.7 billion.
At roughly EUR 1.4 billion, the equity trading volume was slightly higher than in the previous month and 30 percent higher than in August 2014. German equities accounted for more than EUR 1 billion of the turnover, while international equities contributed just under EUR 370 million.
Increases were also recorded in the levels of trading in exchange-traded products (ETPs). The order book turnover in this asset class was EUR 1.2 billion in August. The trading volume was up almost 4 percent compared with the previous month and around 61 percent compared with August 2014. Turnover in investment funds was around EUR 157 million – an increase of around 37 percent compared with the previous month.
Turnover from trading in debt instruments (bonds) in August was almost the same as in the previous month, at around EUR 1.4 billion. Corporate bonds accounted for the largest share of the trading volume, with approximately EUR 1 billion.
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.
