German Trading Volumes Shine in September – Eurex Exchange Sees 30% Increase MoM

A dose of volatility in European markets resulted in strong operating performance at Germany’s main financial trading venues. Eurex Exchange

Multi-asset trading venue for financial instruments, Eurex Exchange, reports positive activity for the month of September. The uptrend is seen across the board, with both Boerse Stuttgart and Deutsche Boerse benefiting from rapid market movements. The positive mood comes on the back of volatility in the international financial markets, helped by the ECB President’s mood swings with their stance on interest rates. Eurex Exchange reported a sharp rise in the number of contracts traded at the bourse.

Trading activity in September at the international derivatives markets of Eurex Group recorded an average daily volume of 9.1 million contracts, 30% higher than the 7 million contracts traded a month earlier, however, it was flat on data from 2013, in the same month.

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Details reported by the venue show that the multi-discipline exchange saw 6.5 million of the total contracts traded executed at the Eurex Exchange. A slight decrease from last September 2013, where there were 6.7 million contracts traded. The firm’s US subsidiary, ISE, traded 2.6 million contracts with an increase of 8% YoY, in total 142.8 million contracts were traded at Eurex Exchange and 54.5 million at ISE.

Eurex was the latest international trading venue to launch the popular currency futures contracts in six major crosses. The exchange has been keen to develop its derivatives framework through the new instrument listing. Trading activity is yet to commence on the new currency products as the exchange builds up the number of liquidity providers and market makers on the systems.

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Deutsche Boerse, one of the largest venues for equities trading in Europe, also saw an uptake in volumes. In September, the notional volume reached $126 billion. From the total amount of value traded, $118 billion was attributable to Xetra, a 5% increase from September 2013’s figures of $112 billion.

In addition, the country’s regional stock exchange, Boerse Stuttgart, saw a rise in month-on-month activity according to its order book statistics, the venue generated turnover of around $8.49  billion in September 2014. The trading volume was around 4 percent higher than in August.

The exchange’s most liquid product segment, securitised derivatives accounted for the largest share of the turnover, with the total turnover in this asset class just under $3.8 billion. The trading volume of investment products was more than $1.77 billion, while leverage products accounted for more than $1.9 billion of the total turnover.

Germany’s positive operating metrics fall in line with the overall market consensus. After a bleak summer, traders are optimistic about the recent splurge in activity as they enter the last quarter of the year.

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