Deutsche Börse’s August Turnover Falls to 2016 Lows

Turnover resumed a MoM decline, falling to the lowest levels thus far seen in 2016.

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.

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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.

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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.

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