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Boerse Stuttgart's order book statistics for 2010 showed a turnover of more than EUR 94 billion. This meant that the total trading volume was 3.9 percent down on last year's figures. The Stuttgart Stock Exchange recorded growth mainly in the trading of equities, securitised derivatives and investment funds.
"With a total trading volume of more than EUR 50 billion for securitised derivatives we were able to consolidate our position as Europe's market leader for this asset class," said Christoph Lammersdorf, CEO of Boerse Stuttgart Holding GmbH. The strong 37 percent growth in the trading of bonus certificates, 22 percent growth in the trading of discount certificates and 67 percent growth in the trading of reverse convertibles deserve a particular mention.
Stuttgart is Germany's market leader for trading in corporate bonds. With a trading volume of EUR 15 billion, these account for significantly more than half of all bonds traded at the Stuttgart Stock Exchange. In 2010 trading in equities was also up by almost 30 percent, so that the total annual turnover grew to more than EUR 10 billion.
Trading in investment funds showed particularly strong rates of growth last year. In this segment Boerse Stuttgart's turnover for 2010 amounted to more than EUR 6.7 billion. This meant that trading volumes were up by almost 57 percent in a year-on-year comparison, the growth mainly being accounted for by exchange-traded funds (ETFs). In 2010 this segment saw a huge 63 percent boost in turnover to more than EUR 5.7 billion.
In December 2010 monthly turnover at the Stuttgart Stock Exchange amounted to around EUR 7.7 billion and, due to the Christmas and New Year period, it was lower than in November, the month with the heaviest trading when turnover amounted to almost EUR 9.3 billion.
