According to its order book statistics, turnover at Boerse Stuttgart amounted to around EUR 10.9 billion in March 2015. The trading volume was higher than in any month since August 011. Turnover was up around 27 percent in comparison with February, and more than 33 percent year-on-year.
Owing to the weak euro, which gave rise to repeated record highs on the equity market, a new record was set for equity trading at Boerse Stuttgart. At just under EUR 2 billion, the trading volume was up almost 29 percent in comparison with February. German equities accounted for approximately EUR 1.5 billion of the total turnover, while international equities contributed more than EUR 507 million.
Large increases were also recorded in trading in securitised derivatives. In this asset class, turnover rose month-on-month by almost 34 percent to more than EUR 5.3 billion – the highest level since August 2011. Holger Schleicher, Head of Securitised Derivatives Trading at Boerse Stuttgart, explained: ‘The reason for this growth is that the daily fluctuations in the German blue-chip index DAX have increased sharply. Many investors are currently taking advantage of the many opportunities offered by securitised derivatives in this market environment.’ The turnover from leverage products therefore rose by more than 42 percent compared with February and around 58 percent year-on-year, to more than EUR 3 billion. There was also a significant increase in the turnover from investment products in comparison with February. It rose by more than 23 percent to just under EUR 2.3 billion. Holger Schleicher commented: ‘In view of the low-interest environment, many more investors turned to investment products again to generate higher returns.’
Transaction volume of exchange-traded products also reached new record highs in March. The order book turnover was more than EUR 1.3 billion, up around 78 percent year on year. Turnover from investment fund units amounted to EUR 168 million – an increase of more than 40 percent compared with the previous month and approximately 72 percent compared with March 2014.
Turnover from trading in debt instruments was more than EUR 2 billion, with the trading volume up by around 13 percent compared with February, despite the difficult market environment for investors. Corporate bonds accounted for the largest share of the turnover, at around EUR 1.4 billion.
Note on the monthly statistics:
Boerse Stuttgart’s monthly statistics are reported on the basis of the order book turnover. The turnovers of all the securities traded on each trading day are documented clearly and verifiably. The recording of securities transactions by order book is practised by all intermediary-based German exchanges and serves as a basis for comparing trading turnovers. For the securitised derivatives asset class Boerse Stuttgart also calculates the trading turnover according to the volume of customer orders executed and forwards these to the German Derivatives Association (DDV). This ensures that comparisons between the different exchanges can also be made with regard to securitised derivatives.