German institutional trading network Deutsche Börse Group has released its monthly order book turnover across all asset classes for August 2016, having continued a MoM downtrend en route to its lowest volumes year to date, according to a Deutsche Börse statement.
Despite an episodic spike in its trading volumes during June 2016 due to Brexit-induced volatility, a downtrend has continued seemingly unabated since March 2016 across Deutsche Börse’s turnover. The latest figures came in at just $104.4 billion (€93.3 billion) across all its cash markets, corresponding to a fall of -7.4% MoM from $112.8 billion (€100.8 billion) in July 2016.
Filling the Gap Between Brokers, LPs, and ClientsGo to article >>
Comparing the latest figures to its 2015 counterpart, August 2016’s turnover volumes at Deutsche Börse were also much lower YoY, as indicated by a decline of -34.4% YoY from August 2015 after reporting $159.2 billion (€142.3 billion).
Monthly Turnover Analysis
Of the $104.4 billion during August 2016, approximately $94.8 billion (€84.7 billion) was attributable to Xetra, retreating -7.7% MoM from $102.7 billion (€91.8 billion) in July 2016. When measured over a yearly timetable however, Xetra’s August 2016’s turnover also incurred a tumble of -35.2% YoY from $146.6 billion (€130.9 billion) in August 2015.
In addition, the average daily turnover on Xetra also came in at just $4.1 billion (€3.7 billion) in August 2016, vs. $4.9 billion (€4.4 billion) in July 2016, or -15.9% MoM, as well as incurring a -40.3% plunge YoY from $6.9 billion (€6.2 billion) in August 2015.
Finally, a turnover of $3.7 billion (€3.3 billion) was attributed to Börse Frankfurt in August 2016, or -2.9% lower MoM from $3.8 billion (€3.4 billion) in July 2016. Order book turnover on the Tradegate Exchange totaled an estimated $6.0 billion (€5.4 billion) in August 2016, declining -1.8% MoM against $6.2 billion (€5.5 billion) in July 2016.