Xetra-Gold’s success story continued in the third quarter, increasing turnover as well as market share. Order book turnover on all German stock exchanges in this security stood at around €65 million in July, increasing to just under €81 million in August and totaling around €142 million in September.
Xetra Gold achieved a market share of 46 percent based on all 114 exchange traded commodities listed at Deutsche Börse. In September, the market share of Xetra Gold in terms of order book turnover of the physically backed gold ETCs was 58 percent.
The strongest trading volume of any single day since Xetra Gold’s launch was 30 September: A total turnover of 1.6 tons of gold was recorded on this day alone. The total gold reserve at the issuer Deutsche Börse Commodities increased to 14 tons as of 8 October.
The physically backed debt instrument Xetra Gold was admitted for trading in December 2007 and has since become the commodity with the highest turnover of all exchange traded commodities listed and traded at Deutsche Börse.
