Boerse Stuttgart set a new record of €17.8bn for the volume of trading in equities in 2017, with German equities contributing over €13bn and international equities around €4.8bn. There were particularly large increases in both German MDax mid-cap shares and German second-line shares, according to the exchange.
The trading volume in securitised derivatives exceeded €33.6bn with turnover from investment products surpassing €17.5bn. The most traded products in 2017 were two participation certificates for the cryptocurrency bitcoin with over 27,000 customer orders executed with a total volume of more than €216m. A turnover figure of more than €16.1bn was recorded for leverage products in 2017.
The bitcoin products are offered by Vontobel which launched a continuously available version of the Bitcoin Participation Certficate in November 2016 which was followed by an Open-End Participation Certificate on Bitcoin which is also available for trading on the Frankfurt and Stuttgart stock exchanges, as well as over-the-counter.
Based on the order book statistics, exchange-traded products generated turnover of almost €12bn, just below the figure recorded for the previous year. At over €1.3bn, turnover from trading in investment fund units showed an increase of more than 37% compared with 2016.
Based on turnover, the most heavily traded blue-chip shares were Daimler, Basf, Allianz, Deutsche Bank and Volkswagen preference shares. For international equities, US and Chinese technology shares accounted for the biggest share of turnover with Chinese electromobility stocks also proving popular.
In addition, bond trading in 2017 was again affected by the low-interest environment. Order-book turnover was over €15.6bn, roughly on a par with the previous year. At around €11.7bn, corporate bonds accounted for the lion's share of trading in debt instruments.
The three most actively-traded corporate bonds in 2017 were a bond issued by K+S, a Deutsche Bank contingent convertible bond and a Tier 2 bond from Commerzbank. With a share of around 66% of the market, Stuttgart remains the country's leading exchange for trading in corporate bonds.
Trading turnover in every asset class at the exchange was slightly above the previous year's level, with the turnover for all trading activities amounting to €80.6bn.
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