Deutsche Boerse’s Clearstream Sees Stable Growth in November Volumes

The number of traded financial derivatives contracts enjoyed a very positive November with notional volumes rising 25%

Settlement volumes at Deutsche Boerse AG’s Clearstream led the way in November with continued strong growth, while the picture was similar across other business areas.

The provider of post-trade services for financial services participants today reported that the value of assets under custody held on behalf of customers registered €15 trillion in November, which is up 4% from €14.49 trillion the previous year.

Additionally, the number of traded financial derivatives contracts enjoyed a very positive November with notional outstanding volumes rising 25% to 6.0 million transactions from 4.8 million a year earlier.

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

Securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to €7.11 trillion in November 2020‎, which is higher by 3% year-over-year from €7.07 trillion.

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IFS Volumes Remain Stable

A similar pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which rose across the same period to €5.02 trillion from €4.79 trillion in November 2019.

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Finally, Clearstream’s Investment Fund Services (IFS) processed 3.7 million transactions last month‎, which reflected a rise of 43 percent year-over-year from 2.5 million transactions the year earlier.

The solid volumes come at a time when Deutsche Boerse is battling to attract any clearing business that is forced out of London after the Brexit. But, overall, concerns about the global spread of the coronavirus outbreak have led to a surge in market activity.

During the market turbulence, Deutsche Boerse’s Xetra and Eurex platforms, as well as other platforms that cater to retail investors, have experienced difficulties, resulting in clients getting kept out of the market during sensitive times. At the time, the exchange said that one of the most important tasks that its new head will be responsible for is to reverse the combined supervision of Xetra and Eurex, two of the largest venues for the trading of equities and exchange-traded funds in Europe.

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