The Germany-based exchange operator Deutsche Börse, today reported its cash market order book turnover across its key trading venues including Xetra, Börse Frankfurt and Tradegate Exchange, for a combined total of €120.9 billion in March across all asset classes, lower by 7.5% or €9.8 billion Month-over-Month (MoM) from February’s total of €130.7 billion.
Looked at from a year-over-year perspective, the decline in March volumes is 19.6% lower from the €162.6 billion reported during the same month last year, showing that the end of Q1 2016 appears worse for the exchange, amid challenging conditions in Europe for the banking sector during the first three months of this year. On the other hand, the peak reached in February had been driven by global market volatility which had since subsided in March.
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From the March 2016 totals, Xetra volumes were €111.7 billion, down from the €120.7 billion reported for February, and also down year-over-year from €113.4 billion. Borse Frankfurt saw March total €3.5 billion in turnover, down from €6.8 billion YoY, and lower by €500 million from the €4 billion reported for February. The Tradegate Exchange had approximately €5.6 billion in turnover, also lower from €9.1 billion YoY, down from €6 billion MoM.
During March turnover in equities reached about €103.9 billion, according to the update, and was down from €111.0 billion reported for February, whereas turnover in ETFs/ETCs an ETNs totaled €15.0 billion for March, and was lower by 13.7% from €17.4 billion reported in the previous month. Deutsche Borse had announced a FinTech initiative in February, to support a local government effort to back new financial technology innovation. The news follows after the merger of equals between the company and the London Stock Exchange (LSE) was said to conclude irrespective of the Brexit outcome.