German institutional trading network Deutsche Börse Group has reported its monthly batch of order book turnover statistics across all asset classes for October 2016, which pared its recent gains, resuming a MoM downtrend, according to a Deutsche Börse statement.
The latest figures snap a recent rebound last month, which saw double digit gains across Deutsche Börse’s volumes. October 2016 was less upbeat however with the group’s latest statistics signaling a figure of $109.0 billion (€98.7 billion) across all its cash markets in October 2016, corresponding to a fall of -9.5% MoM from $120.5 billion (€109.1 billion) in September 2016.
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By comparing the latest figures to their 2015 counterpart however, October 2016’s turnover volumes at Deutsche Börse were also sizably lower YoY, as indicated by a decline of -22.1% YoY from October 2015 after reporting $139.9 billion (€126.7 billion).
Monthly Turnover Analysis
Of the $109.0 billion during October 2016, approximately $99.8 billion (€90.4 billion) was attributable to Xetra, declining -10.3% MoM from $111.3 billion (€100.8 billion) in September 2016. Additionally, the average daily turnover on Xetra also came in at just $5.0 billion (€4.5 billion) in October 2016, vs. $5.1 billion (€4.6 billion) in September 2016, or -2.2% lower MoM.
Finally, a turnover of $3.4 billion (€3.1 billion) was attributed to Börse Frankfurt in October 2016, falling -6.1% MoM from $3.6 billion (€3.3 billion) in September 2016. Order book turnover on the Tradegate Exchange totaled an estimated $5.7 billion (€5.2 billion) in October 2016, rising 4.0% MoM against $5.5 billion (€5.0 billion) in September 2016.