According to the order book statistics, turnover for October at Boerse Stuttgart was around EUR 8.2 billion, the highest monthly trading volume since January 2014. Total turnover was around 23 percent up on the previous month as a result of sharp movements in the underlying markets. Compared with the figure for October 2013, the monthly trading volume was around 9 percent higher.
The biggest increases were attributable to trading in securitised derivatives, with turnover climbing to over EUR 4 billion. This was around 37 percent up on the September total. At around EUR 1.8 billion, turnover in investment products was roughly 25 percent higher, while trading in leverage products rose by around 48 percent on the preceding month and around 85 percent on the total for October 2013 to reach almost EUR 2.3 billion.
Trading in equities generated turnover in excess of EUR 1.2 billion, approximately 17 percent up on the figure for September. Out of this total, roughly EUR 882 million came from German equities, while international equities contributed around EUR 369 million.
At over EUR 1.7 billion, trading in debt instruments was again relatively subdued. The lion’s share of this total, around EUR 1.1 billion, was attributable to corporate bonds.
Turnover from exchange-traded products (ETPs) stood at around EUR 1 billion, over 49 percent higher compared with the previous month. The last time a similar total was reached in this asset class was in August 2011. Trading in investment funds was around 40 percent up on the previous month and contributed almost EUR 126 million to the October total.
Note on the monthly statistics:
With effect from 1 July 2014, Boerse Stuttgart changed its evaluation process for generating the monthly statistics. This resulted in some new sub-categories, which means that comparison with the previous year is no longer possible. The relevant fields are marked ‘n/a’ in the table.
For debt instruments, the new categorisation is essentially based on more precise differentiation between groups of issuers.
For securitised derivatives, the categorisation is exactly the same as the German Derivatives Association (DDV)’s product classification system: factor certificates, capital protection products with coupon and credit linked notes are now shown as separate categories.
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. This ensures that comparisons between the different exchanges can also be made with regard to securitised derivatives.