Deutsche Börse’s November Turnover Spikes on Heightened Volatility

High volatility helped propel Deutsche Borse's turnover across the board in November.

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.

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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.

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