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.