According to the order book statistics, turnover at Boerse Stuttgart for January 2014 stood at EUR 9.7 billion, the highest monthly trading volume since August 2011. Turnover rose by approximately 41 percent compared with the previous month on the back of substantial market movements. By comparison with the figure for January 2013, the volume of trading was up by nearly 12 percent.
The biggest rises were attributable to trading in securitised derivatives, with turnover up by nearly 50 percent at roughly EUR 4.5 billion. Turnover from investment products ended the month around 35 percent higher at over EUR 2.4 billion. There was particularly strong demand for discount certificates, which generated a trading volume in excess of EUR 1 billion, double the figure for December. Turnover from trading in leverage products rose by over 71 percent compared with the preceding month to reach around EUR 2.1 billion.
At around EUR 1.8 billion, turnover from equity trading in January reached a new record level, 41 percent up on the figure for December and 37 percent up on January 2013. Trading in German equities accounted for over EUR 1.3 billion of the total, while international equities contributed more than EUR 465 million.
Turnover from trading in debt instruments passed the EUR 2.4 billion mark, around 28 percent up on the figure for December. At roughly EUR 1.5 billion, corporate bonds accounted for the largest share of trading in this asset class.
The funds sector contributed EUR 996 million towards the January trading total, a rise of 40 percent on the December figure. Exchange-traded products (ETPs) made up the lion’s share of roughly EUR 854 million. Trading in investment fund units generated turnover in the region of EUR 142 million.
Monthly Statistics January 2014
Note on the monthly statistics
Since January 2014, order book turnover for factor certificates (under leverage products) has been listed under the heading ‘Exotic products’. This accounts for the sharp increase in this category compared with the preceding month and with January of the previous year. Up to the end of 2013, factor certificates were allocated to the category ‘Index and participation certificates (Tracker certificates)’. The new structure corresponds to the product classifications used by the German Derivatives Association (Deutscher Derivateverband - DDV).
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 (Deutscher Derivate Verband - DDV). This ensures that comparisons between the different exchanges can also be made with regard to securitised derivatives.