Deutsche Börse Group’s Turnover Touches Yearly Highs in May

Volatility across Europe sparked volumes at the exchange, as ETFs and equities also saw higher activity in May.

Deutsche Börse Group, one of the largest worldwide institutional trading networks, has reported its monthly order book turnover statistics across a selection of asset classes for the month ending May 2017. The figures were higher on a monthly basis, given an uptick in volatility and other market driving events that defined May.

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Europe featured no shortage of market events in May, with the French elections taking center stage. Elsewhere, markets were also grappling with the Trump administration in the United States as it finds itself embroiled in multiple scandals, ultimately influencing the strength of the USD.

Looking at specific turnover figures, during May 2017, the group reported a figure of $147.5 billion (€131.5 billion) across all its cash markets, corresponding to a strong growth of 23.9 percent month-over-month from just $119.1 billion (€106.2 billion) in April 2017. The reading was important as it marked a departure from a trend at the exchange during H1 2017 of an overall static performance in volumes, as turnover failed to break out of a narrow range – wavering levels volatility have been largely responsible for this.

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To this point, May-induced volatility also helped drive Deutsche Börse’s turnover higher than its 2016 counterpart, growing by a margin of 26.7 percent year-over-year from $116.4 billion (€103.8 billion) in May 2016.

Monthly Turnover Analysis

Of the $131.5 billion during May 2017, approximately $134.1 billion (€119.6 billion) was attributable to Xetra, surging 23.4 percent month-over-month from $108.7 billion (€96.9 billion) in April 2017, as well as 24.4 percent higher year-over-year relative to $107.8 billion (€96.1 billion) in April 2016. ETF and equities trading overall has been on the uptick elsewhere in Europe, helping explain the rebound across Xetra’s volumes in May.

Furthermore, the average daily turnover at Xetra also came in at just $5.9 billion (€5.4 billion) in April 2017, unchanged month-over-month from $5.9 billion (€5.4 billion) in March 2017. The latest readings did score an increase relative to 2016, rising by $5.2 billion (€4.8 billion).

Back in May, Xetra issued a new ETF from Source, which began trading on the exchange – the Source Bloomberg Commodity ex-Agriculture UCITS ETF helps investors to gain access to a wide range of commodities via a commodity basket comprising eleven commodities from the energy, industrial metals and precious metals sectors, one of the more actively traded sectors in 2017.

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