Deutsche Börse’s November 2015 Order Book Turnover Sinks Lower MoM

Photo: Photo: Bloomberg

German trading venue, Deutsche Börse Group, has reported its order book turnover across all asset classes during the month ending November 2015, which came in at $123.9 billion (€116.5 billion), according to a Deutsche Börse statement.

Last month, Deutsche Börse reported a monthly turnover of $134.7 billion (€126.7 billion) across all its cash markets in October 2015. In terms of the November figures however, the order book turnover at Deutsche Börse represents yet another move lower of -8.1% MoM – however, November 2015 actually showed improvement over its 2014 counterpart, constituting an ascension of 12.1% YoY from $110.5 billion (€103.9 billion) in November 2014.

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Of the monthly turnover of $140 billion at Deutsche Börse in November 2015, $113.5 billion (€106.7 billion) was attributable to Xetra, falling -8.8% MoM from $124.4 billion in October 2015 – this decline was also erased when under the lens of a yearly figure, with November 2015’s turnover yielding a rise of 11.0% YoY from $102.2 billion (€96.1 billion) in November 2014.

The average daily turnover on Xetra also came in at $5.4 billion (€5.1 billion) in November 2015, falling -3.8% MoM from $5.6 billion (€5.3 billion) in October 2015, vs. $5.1 billion (€4.8 billion) in November 2014.

Furthermore, a turnover of $4.4 billion (€4.1 billion) was attributed to Börse Frankfurt in November 2015, or 7.9% higher MoM from $4.0 billion (€3.8 billion) in October 2015. Finally, order book turnover on the Tradegate Exchange totaled an estimated $6.2 billion (€5.8 billion) in November 2015, rising against $6.3 billion (€5.9 billion) in October 2015.

Earlier today, Deutsche Börse Group made headlines after it expanded its securities lending service capabilities by linking a new agency lending service through Clearstream with Eurex Repo and Eurex Clearing. The new offering will help consolidate several elements of the broad Deutsche Börse value chain, offering customers advantages in terms of capital efficiency, straight-through processing (STP) and potentially higher returns for lenders.