Börse Stuttgart , the second largest exchange in Germany, has announced its monthly order book statistics for the month ending August 2017. The numbers were slightly higher month-on-month but lower year-on-year.
Total turnover came in at $7.26 billion (6.1 billion euros), 1.7 percent more than that of July and 6.3 percent less than what it had achieved during the same month last year.
The main contributor to this was securitized derivatives which had a total turnover of $3.2 billion (2.7 billion euros), 9.5 percent more than in July 2017 but almost flat when compared to the same period last year.
Leveraged products had a good month in August 2017 as the total volume came in at $1.63 billion (1.36 billion euros) which was 15.6 percent more than July 2017 and 11.25 percent more than August 2016.
The bond market seemed to suffer as its trading volume went down by almost 13 percent to $1.29 billion (1.08 billion euros) when compared to July 2017. It was less by 19.45 percent year-on-year.
Overall, volumes have been mixed which is in line with the choppy trading seen in the stock markets during the month of August. Deutsche Börse also reported slightly weaker volumes when compared to last month, in keeping with the global trend. August is also known to be a holiday period in many parts of the world and this could also have contributed to results.