Clearstream Posts Healthy YoY Uptick in September Turnover

Total assets under custody jumped by 5 percent year-on-year.

Clearstream, Deutsche Börse’s post-trade service provider, has published its aggregated metrics for the month of September, showing healthy growth across all segments.

The platform provides a range of services in the Eurobond market as part of a trading and securities giant, Deutsche Börse Group, one of the largest exchange organizations in the world.

The total asset under custody on the platform increased by 5 percent year-on-year in September to €14.9 trillion from the previous year’s €14.1 trillion. This combined figure came by adding Clearstream’s international and domestic businesses and its investment fund services.

According to the released numbers, Clearstream’s investment fund services took the highest jump of 9 percent year-on-year compared to other segments. In absolute terms, that monthly figure stood at €2.77 trillion.

Securities deposit revenue from its international business remained the highest with €7.1 trillion, up by 2 percent from the same month in the previous year. Its domestic business also jumped by 7 percent to €5.01 trillion. 

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The number of transactions last month for international and domestic securities increased drastically by 16 percent, and 51 percent, respectively. For investment fund services, the monthly transactions went up by 35 percent year-on-year.

Additionally, the outstanding volume for global securities financing increased to €515.6 billion from €445.8 in September 2019.

Expanding Market Share

Finance Magnates reported earlier on Clearstream’s closure of the Fondcenter AG acquisition deal for around $423 million. With this, the Deutsche Börse subsidiary has merged its existing Fund Desk with the Fondcenter business, forming Clearstream Fund Centre.

Clearstream now holds a 51.2 percent stake in Fondcenter, while the rest is still retained by its previous owner UBS.

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