Exchange turnover in investment products and leverage products on Europe's financial markets stood at €32.5bn at the end of the first quarter of 2018, a 12% rise compared with the fourth quarter of 2017, and a 14% increase year on year, according to the latest report by the European Structured Investment Products Association (Eusipa).
Turnover in investment products trading recorded on the European exchanges in the first-quarter amounted to €13.4bn, which represents a 41.2% share of the total turnover. Whilst exchange turnover was down 6% on the prior quarter, it was up 8% on the same quarter of the previous year.
Turnover in the leverage products segment (warrants, knock-out warrants, factor certificates etc.) recorded the biggest growth totalling €19.1 billion, a 58.8% of the total turnover. Exchange turnover increased by 29% on the fourth quarter of 2017 and was up 19% year on year.
Issuance across European trading venues also increased in the first quarter totalling 536,010 investment products and 1,203,673 leverage products. The aggregate listing rose by 2% in comparison with the previous quarter, and as much as 14% year on year.
Banks issued a total of 1,146,707 new investment and leverage products in the first quarter of the current year, an increase of 17% in new issues activities compared to the period from October to December 2017, and a 27% growth year-on-year. In total 162,177 new investment products were launched, accounting for 14.1% of all new issues, according to Eusipa. The number of new leverage products listed in the first quarter amounted to 984,530, which represents an 85.9% of the aggregate number of new issues.
At the end of the first quarter, in Austria, Belgium, Germany and Switzerland, the market volume of investment and leverage products stood at €237.8 billion - a 9% decrease on the figure recorded for the previous quarter. In comparison to the same quarter of last year, the volume shrank by 12%.
The members of Eusipa, who provide the figures for the market report, include: Zertifikate Forum Austria (ZFA), Belgian Structured Investment Products Association (Belsipa), Association Française des Produits Dérivés de Bourse (Afpdb), Deutscher Derivate Verband (DDV), Associazione Italiana Certificati E Prodotti Di Investimento (Acepi), Swedish Exchange Traded Investment Products Association (Setipa), Swiss Structured Products Association (SSPA) And The Netherlands Structured Investment Products Association (Nedsipa).
Click the link to view the full Eusipa 1Q 2018 market report on structured investment products.
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