Deutsche Boerse’s Trading Volumes Edge Lower in April 2019

The average daily turnover at Xetra also came in at €5.4 in April 2019, vs. €5.85 billion a year ago.

Trading in Deutsche Boerse’s Xetra electronic order book fell eight percent year-on-year to €107.8 ($120.5 billion) in April 2019 compared with €117.1 billion in the same month the previous year, the German stock exchange operator said on Thursday.

Frankfurt-based Deutsche Börse AG also disclosed its monthly order book statistics detailing all asset classes. The latest results showed a mild drop across key segments on a month-over-month and year-over-year basis.

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In particular, during April 2019, the group reported €120.9 billion ($135.1 billion) across all its cash markets, corresponding to a fall of five percent year-over-year from €127.2 in April 2018.

Additionally, the average daily turnover at Xetra also came in at €5.4 in April 2019, vs. €5.85 billion a year ago.

Finally, a turnover of €2.8 billion was attributed to Börse Frankfurt in April 2019, barely unchanged over a yearly basis from €2.9 billion in April 2018.

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Deutsche Börse delves further into institutional FX

Earlier this week, Deutsche Börse AG reported a slight increase in net revenues year-on-year for the first quarter of 2019, thanks to solid performance by its subsidiaries 360T and EEX, among others.

Specifically, 360T, the foreign exchange (forex) subsidiary of Deutsche Börse, managed to achieve net revenue of €21.4 million during the first quarter of 2019 up 21.6 percent year-on-year.

Previous reports suggested that Germany’s paramount exchange is mulling the acquisition of Thomson Reuters’ FXall, an electronic FX trading platform to corporations and asset managers

If confirmed, the move would mark Deutsche Borse’s continued expansion motive in the foreign exchange space and institutional level trading businesses. It comes after nearly three years of Deutsche Borse’s foray into FX ECN of its own with the acquisition of 360T, which turned to be the center of the exchange’s global FX business.

Also last year, the German stock exchange operator acquired GAIN Capital’s trading venue GTX ECN for $100 million as it looks to expand its FX business in the US.

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