According to Boerse Stuttgart's order book statistics, aggregate turnover for 2012 amounted to more than EUR 89.2 billion. This means that total trading volume was down almost 18 percent relative to the previous year's figures. The main reason was a generally difficult market environment, one characterised by uncertainty and hesitancy on the part of investors in the wake of the protracted European debt crisis. The rate of decline varied widely by asset class, however. Thus, debt instrument (bond) trading registered the smallest drop in turnover, while trading in investment fund units took the biggest hit.
With a trading volume of more than EUR 42 billion for securitised derivatives, Boerse Stuttgart retained its position as Europe's market leader for this asset class. There was particularly strong growth in the trading of reverse convertibles, which recorded an increase of over 25 percent.
Boerse Stuttgart is Germany's market leader in the stock exchange trading of corporate bonds. With a turnover of around EUR 14.8 billion in 2012, corporate bonds accounted for more than half of the total bond volume traded. The trading volume increased by almost 14 percent year on year.
Order book turnover for equity trading amounted to around EUR 11.3 billion in 2012. Of this, around EUR 8.9 billion was attributable to German equities and around EUR 2.4 billion to international equities. The turnover in investment fund units and exchange-traded products (ETPs) recorded at the Stuttgart Stock Exchange for 2012 was over EUR 6.6 billion, whereby the lion's share (over EUR 6 billion) came from ETPs such as exchange-traded funds (ETFs) and exchange-traded commodities (ETCs).
Due to the Christmas and New Year period, December 2012 turnover on the Stuttgart Stock Exchange came in below November's level at around EUR 5.5 billion.
Boerse Stuttgart’s annual statistics
Notes on the annual statistics:
Boerse Stuttgart’s annual 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 stock 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 stock exchanges can also be made with regard to securitised derivatives.