Boerse Stuttgart generated turnover of more than €7bn in July, following a trading volume increase of almost 15% on the figure recorded in June. The exchange reported a sharp increase in securitised derivatives (structured products) and exchange-traded products.
Securitised derivatives which follow the same categorisation as the German Derivatives Association (DDV)’s structured product classification system accounted for the largest share of the turnover. The total turnover in this asset class which includes factor certificates, capital protection products with coupon and credit linked notes in July increased by 21% to more than €3.3bn. The trading volume of investment products was around €1.8bn while leverage products contributed around €1.5bn to the total turnover – up nearly 27% in comparison with June.
The German exchange also reported that the order book turnover from equity trading was around €1.1bn. Turnover from trading in German equities amounted to around €817m. The trading volume of international equities was up more than 17% in comparison with June, at around €295m.
Turnover from debt instrument trading in July was up by 12% compared with June, at more than €1.8bn. The largest increases were recorded in trading in mortgage bonds which was up more than 38% compared with June at around €115m.
Trading in investment funds contributed around €92m to the exchange’s total turnover in July while the trading volume of exchange-traded products (ETP) was around €631m, up more than 23% on June.
Boerse Stuttgart said that for the securitised derivatives asset class it also calculates the trading turnover according to the volume of customer orders executed and forwards these to the German Derivatives Association. This, said the exchange, ensures that comparisons between the different exchanges can also be made with regard to securitised derivatives.
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