German institutional trading network Deutsche Börse Group has just released its monthly regiment of order book turnover statistics covering all asset classes for November 2016 – the results show a healthy uptick across the board, garnering a MoM uptrend that pared all of last month’s volumes losses, according to a Deutsche Börse statement.
The latest statistics snap a recent decline seen last month, which saw Deutsche Börse incur nearly a double-digit drop in its total volumes, due in large part to a lack of volatility. November 2016 was a different story entirely however, with several global market impetuses and the US election contributing to a staunch uptick in volatility. The group reported $132.2 billion (€124.7 billion) across all its cash markets in November 2016, corresponding to a rise of 26.3% MoM from $104.6 billion (€98.7 billion) in October 2016.
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By comparing the latest figures to its 2016 counterpart however, November 2016’s turnover volumes at Deutsche Börse were also higher YoY, as indicated by a growth of 7.0% YoY from November 2015 after reporting $123.5 billion (€116.5 billion).
Monthly Turnover Analysis
Of the $132.2 billion during November 2016, $120.0 billion (€113.3 billion) was attributable to Xetra, spiking 25.3% MoM from $95.8 billion (€90.4 billion) in October 2016. Moreover, the average daily turnover on Xetra also came in at just $5.5 billion (€5.2 billion) in October 2016, vs. $4.8 billion (€4.5 billion) in October 2016, or 15.6% higher MoM.
Finally, a turnover of $4.5 billion (€4.2 billion) was attributed to Börse Frankfurt in November 2016, climbing 35.5% MoM from $3.3 billion (€3.1 billion) in October 2016. Order book turnover on the Tradegate Exchange totaled an estimated $7.5 billion (€7.1 billion) in November 2016, rising 36.5% MoM against $5.5 billion (€5.2 billion) in October 2016.