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Trading turnovers in June

04 Jul 2017

Trading turnovers in June

Turnover at Deutsche Börse’s cash markets at 127.4 billion euros in June

Order book turnover on Deutsche Börse cash markets totalled €127.4 billion in June (June 2016: €134.9 billion). Of the €127.4 billion, €116.9 billion were attributable to Xetra (June 2016: €123.9 billion). A turnover of €3.7 billion was attributable to Börse Frankfurt (June 2016: €4.2 billion). Order book turnover on Tradegate Exchange totalled approximately €6.9 billion in June (June 2016: €6.8 billion).

Broken down by asset classes, cash market turnover in equities reached about €112.7 billion. Turnover in ETFs/ETCs/ETNs amounted to €12.8 billion. Turnover in bonds was €0.5 billion, in structured products €1.2 billion and in funds €0.2 billion.

The electronic trading platform Eurex Bonds traded €4.9 billion (single counting, mainly government bonds) in June (June 2016: €7.8 billion).

Viewed by transactions, a total of 23.4 million trades were executed on Xetra in June (June 2016: 23.6 million). The average daily turnover on Xetra stood at €5.6 billion in June (June 2016: €5.6 billion).

The DAX security with the highest turnover on Xetra in June was Bayer at €5.7 billion. Covestro led the MDAX equities with €1.2 billion, while Rocket Internet topped the SDAX equity index with €289 million, and Dialog Semiconductor headed TecDAX with €527 million. The ETF with the highest turnover on Xetra was iShares Core DAX UCITS ETF with €1.2 billion.

Further details are available online in Deutsche Börse’s cash market statistics at www.deutsche-boerse-cash-market.com. For a pan-European comparison of trading locations, see the statistics provided by the Federation of European Securities Exchanges (FESE) at www.fese.eu.

DAX®, MDAX®, SDAX®, TecDAX® and Xetra® are registered trademarks of Deutsche Börse AG.

Eurex unlocks new hedging tools

Europe’s largest derivatives exchange has reached another important strategic milestone. Following the launch of futures and options on the popular MSCI EAFE index that represents the developed markets of Europe, Australasia and the Far East, Eurex has become the only exchange that offers futures and options on all major MSCI indexes. And with the introduction of futures on the EURO STOXX 50® Corporate Bond Index, Eurex is the first mover offering an exchange traded market for the corporate bond segment in Europe.

The new products meet the market’s needs, especially those of the buy side whose investment behaviour is undergoing structural changes. Passive products like Exchange Traded Funds (ETF) are gaining momentum. This affects the derivatives markets because it creates new hedging needs for asset managers. “We aspire to become the leading derivatives exchange for global and broad based indexes. The latest launches and record volumes in our MSCI segment show that we are on the right track”, said Thomas Book, Eurex CEO and Head of Derivatives Markets Trading at Deutsche Börse Group.

MSCI EAFE is the leading benchmark for American investors, seeking international equity performance. According to figures from MSCI, roughly 2 trillion USD are benchmarked against this index. The EURO STOXX 50® Corporate Bond index is the only index that tracks the performance of Euro-denominated, investment grade corporate bonds of the EURO STOXX 50 constituents.

“The European market for corporate bonds plays a key role in the financial ecosystem. It has grown consistently after the financial crisis, both in terms of market participants and overall assets under management”, said Mehtap Dinc, Member of the Eurex Board and Head of Derivatives Product Development at Deutsche Börse.

The new environment creates demand for innovative hedging solutions in the form of Exchange Traded Derivatives. “The same is true for MSCI products. With more providers of MSCI related vehicles and growing competition on pricing these, an increased need for cost-effective and efficient hedging tools in the form of futures and options arises”, Dinc added.

Eurex’ latest trading statistics saw a record in the MSCI segment: June saw more than 1.8 million traded contracts – a plus of 114 percent compared to June 2016. Also, market participants once again relied on Eurex’ fixed income suite of products (+6 percent). On the clearing side, Eurex noted strong demand for its EurexOTC Clear services. The notional outstanding reached 1.5 trillion EUR.

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