Deutsche Börse’s Cash Markets Shrink 11% MoM to €144.1bn in June

The cash markets of Deutsche Börse, a Germany-based exchange organization, dropped from a turnover of €161.6 billion in May to €144.1 billion in June.

This is an approximate 11% contraction in the volumes of the German marketplace organizer’s cash markets.

These details are contained in Deutsche Börse’s cash market trading volumes for June published on Friday.

The cash markets climbed 10% month-on-month (MoM) from April’s €147.1 billion turnover to €161.6 billion in May.

Trading Venues in Decline

Out of the €144.1 billion generated in June from all of Deutsche Börse’s cash markets, Xetra accounted for €123.9 billion.

This is a 10% plunge from the trading venue’s €138.1 billion posting last month.

Xetra is Europe's leading trading venue and reference market for German blue chips, equities and exchange-traded funds (ETFs).

The average daily Xetra trading volume (ADV) dropped by a close measure: It declined 11% from €6.3 billion to €5.6 billion.

On a year-on-year (YoY) basis, Xetra’s ADV slide 16% to €5.4 billion in June from €6.4 billion in May.

Börse Frankfurt, the trading venue for mainly private investors, generated a trading turnover of €2.7 billion. This represents a 10% MoM dip and a 29% drop YoY.

Trading volumes on Tradegate Exchange, which is owned 60% by Deutsche Börse AG, capped at €17.5 billion in June.

This is a 15% plunge from the €20.5 billion recorded in May to the €17.5 billion generated in June.

On a YoY basis, it is a 25% contraction in trading volumes of the exchange that specializes in executing private investors’ orders.

What’s the Performance by Asset Class?

According to Deutsche Börse, by type of asset class, equities accounted for €119.8 billion in the entire cash market.

This is an 11% drop from May’s €135.3 billion turnover.

On the other hand, trading in exchange-traded funds, commodities and notes generated a turnover of €22.6 billion.

This is an 8% drop from the €24.5 billion turnover generated in this category last month.

“Turnover in bonds was €0.4 billion, in certificates €1.1 billion and in funds €0.2 billion,” Deutsche Börse wrote.

How Did the Indexes Perform?

This month, the stock of 143-year-old Linde PLC, a global multinational chemical company, recorded the DAX stock highest turnover on Xetra.

In May, Allianz SE, a German multinational financial services company, led the stock index on the trading venue.

Furthermore, Frankfurt-headquartered Commerzbank AG, a major German bank operating as a universal bank, led the MDAX with €1.3 billion.

The MDAX is a stock index that lists German businesses trading on the Frankfurt Stock Exchange.

Rheinmetall AG, a leading German integrated technology group, led the MDAX with €1.6 billion in May.

Additionally, Hamburg-headquartered Deutsche EuroShop AG, an international German real estate investment company, led the SDAX Index with €220 million.

VERBIO Vereinigte BioEnergie AG, a German manufacturer and supplier of biofuels, led the index in May with €377 million.

“In the ETF segment, the iShares Core MSCI World UCITS ETF generated the largest volume with €762 million,” Deutsche Börse said.