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Trading turnovers in March

05 Apr 2018

Trading turnovers in March

Cash markets achieve turnover of EUR 165.1 billion in March

Trading volume in the first quarter 33 percent higher year-on-year

Deutsche Börse cash markets achieved a turnover of €165.1 billion in March (2017: €135.7 billion). In the first quarter of 2018, the trading volume was €480.1 billion – an increase of around 33 percent compared with the first three months in 2017 with €361.5 billion.

Of the €165.1 billion, €152.2 billion were attributable to Xetra (March 2017: €123.6 billion). The average daily turnover on Xetra was thus €7.2 billion. Order book turnover on Börse Frankfurt totalled €3.7 billion (March 2017: €4.3 billion) and on Tradegate Exchange €9.2 billion (March 2017: €7.8 billion).

Split by asset classes, cash market turnover in equities reached about €147.1 billion. Turnover in ETFs/ETCs/ETNs amounted to €16.2 billion. Turnover in bonds was €0.4 billion, in structured products €1.2 billion and in funds €0.2 billion.

The DAX security with the highest turnover on Xetra in March was Allianz SE at €6.8 billion. Innogy SE led the MDAX equities with €1.6 billion, while Aroundtown SA topped the SDAX equity index with €650 million, and Wirecard AG headed TecDAX with €1.0 billion. The ETF with the highest turnover on Xetra was iShares Core DAX UCITS ETF with €2.3 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.

Record Activity in Eurex Clearing’s Partnership Program

In March, Eurex Clearing’s OTC Interest Rate Derivatives (IRD) segment saw record activity under the new Partnership Program. Volumes increased around elevenfold compared to March 2017 with a total of EUR 1.7 trillion notional cleared. The total notional outstanding reached EUR 4.7 trillion compared to EUR 1.2 trillion in March 2017.

Eurex Clearing’s Partnership Program is designed to create a liquid, EU based alternative for the clearing of interest rate swaps. Since its launch in October 2017, the program received broad market acceptance with participants from the US, the United Kingdom, Asia and Continental Europe joining.

“We see growing client support for our program. The early success has already led to a level playing field in the pricing of interest rate swaps between London and Frankfurt cleared transactions”, says Erik Müller, CEO of Eurex Clearing. “Buy-side firms now have a real alternative for clearing their Euro swap business and can benefit from pooling Euro interest rate exposures across listed and OTC derivatives.”

Within the program, Eurex Clearing shares a significant part of the economics of its interest rate swap segment with the ten most active participants. In addition, it opens up its governance structure, thus ensuring that clients participate in the strategic development of Eurex Clearing.

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