Deutsche Börse’s December Volumes Edge Lower as Volatility Normalizes

With markets winding down for the holidays, the group's December volumes failed to notch any MoM growth.

Deutsche Börse Group, one of the largest worldwide institutional trading networks, has reported its monthly tranche of order book turnover statistics detailing all asset classes for December 2016. The latest results showed a slight decline relative to the month prior, which represented a retreat to more normalized levels of volatility after a wild November.

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Deutsche Börse’s December volumes were largely unable to capture the level of growth seen last month, with markets winding down for Christmas as well as the absence of an upset US election in the United States.

In particular, during December 2016, the group reported $121.6 billion (€116.2 billion) across all its cash markets, corresponding to a fall of -6.8% MoM from $130.5 billion (€124.7 billion) in November 2016.

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Looking at the figures compared to its 2015 counterpart however, December 2016’s turnover volumes at Deutsche Börse were also lower YoY, as indicated by a fall of -4.6% YoY from December 2015 after reporting $127.5 billion (€121.8 billion).

Monthly Turnover Analysis

Of the $121.6 billion during December 2016, approximately $109.6 billion (€104.6 billion) was attributable to Xetra, retreating -7.7% MoM from $118.6 billion (€113.3 billion) in November 2016. Additionally, the average daily turnover on Xetra also came in at just $5.2 billion (€5.0 billion) in December 2016, vs. $5.4 billion (€5.2 billion) in November 2016, or -3.8% lower MoM.

Finally, a turnover of $4.4 billion (€4.2 billion) was attributed to Börse Frankfurt in November 2016, unchanged MoM from $4.4 billion (€4.2 billion) in November 2016. Order book turnover on the Tradegate Exchange also totalled an estimated $8.0 billion (€7.6 billion) in December 2016, rising 7.0% MoM against $7.4 billion (€7.1 billion) in November 2016.

Deutsche Börse recently made headlines after it exercised a third and also final call option on shares in Tradegate AG, a securities exchange geared to the needs of private investors – the call on shares will increase Deutsche Börse’s stake of Tradegate AG state to roughly 20%.

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