According to the order book statistics, EUR 8.6 billion of securities were traded in October 2009 at Boerse Stuttgart, Germany’s leading exchange for retail investors, equivalent to a rise of over 12 percent on turnover for the previous month. From January to October 2009, trading volume as a whole was down approximately 20 percent on the same period in 2008.
"The stock markets have been reporting strong gains since March with global increases in the region of 60 percent. In October, many retail investors seem to have taken a more sceptical view of future developments following these enormous upward movements of the market, and from the middle of the month onwards they increasingly benefited from gains." observed Dr Rolf Deml, Managing Director of Baden-Wuerttembergische Wertpapierboerse.
Trading in securitised derivatives, such as certificates, warrants and knock-out products, showed a marked increase for the second month in succession. Overall turnover in this category rose around 18 percent on the previous month to over EUR 4.6 billion, with investment products around 20 percent up at EUR 2.2 billion and leverage products 16 percent up to end the month on EUR 2.4 billion.
Turnover in the bond segment showed a rise of around 10 percent on the September figure to almost EUR 2.6 billion. Trading in corporate bonds more than doubled the figure for October 2008 to reach EUR 1.4 billion, a year-on-year increase of over 130 percent. Equities trading at Boerse Stuttgart totalled EUR 959 million and thus also ended the month under review around 6 percent above September. This figure includes turnover of more than EUR 738 million from German equities, equivalent to a rise of over 8 percent on the previous month. Trading in international equities stood at EUR 222 million.