Deutsche Börse Sees 2016 Volumes Continue To Drop in April

Broadly speaking, April has resulted in lighter volumes, with Deutsche Börse being no exception.

German institutional trading venue, Deutsche Börse Group, has disclosed its monthly order book turnover across all asset classes for April 2016, which have taken a dive in back to back months, according to a Deutsche Börse statement.

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The latest turnover figures at Deutsche Börse came in at just $127.0 billion (€110.2 billion) across all its cash markets in April 2016, representing a fall of -8.9% MoM from $139.3 billion (€120.9 billion) in March 2016. This now constitutes a waning figure in virtually every month of the 2016 year, owing to the mitigated volumes on most institutional venues heading into H2 2016.

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The latest figures were even bleaker when compared to their 2015 counterpart, with volumes failing to summit the April 2015 figures, which were recorded at $158.0 billion (€137.1 billion), or -19.6% YoY.

Monthly Turnover Analysis

Looking deeper at the latest figures, of the monthly turnover of $127.0 billion at Deutsche Börse in April 2016, $115.9 billion (€100.6 billion) was attributable to Xetra, falling -9.9% MoM from $128.7 billion (€111.7 billion) in March 2016 – this fall was also captured in its yearly counterpart, with Xetra’s April 2016’s turnover yielding a fall of -19.5% YoY from $144.0 billion (€125.0 billion) in April 2015.

The average daily turnover on Xetra also came in at just $5.5 billion (€4.8 billion) in April 2016, vs. $7.3 billion (€6.3 billion) in April 2015, or -23.8% YoY.

Additionally, a turnover of $4.3 billion (€3.7 billion) was attributed to Börse Frankfurt in April 2016, or 5.7% higher MoM from $6.0 billion (€5.2 billion) in April 2015. Finally, order book turnover on the Tradegate Exchange totaled an estimated $6.8 billion (€5.9 billion) in April 2016, plunging -14.5% YoY against $7.9 billion (€6.9 billion) in April 2015.

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