Deutsche Börse’s Cash Market Recovers to €113.63 Billion in September

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Deutsche Börse's Cash Market Recovers to €113.63 Billion in September

<p class="MsoNormal text-align-justify">The cash markets of Germany-based exchange
organization, Deutsche Börse, improved by 15% month-on-month (MoM) to €113.63
billion in September 2022. </p><p class="MsoNormal">However, on a year-on-year (YoY) basis, the
volume dropped -16% from €135.11 billion recorded in September 2021.</p><p class="MsoNormal">These figures are contained in the September
2022 cash market trading volumes <a href="https://deutsche-boerse.com/dbg-en/media/press-releases/Cash-Market-trading-volumes-in-September-3266388">published</a> by Deutsche Börse on Tuesday.</p><p class="MsoNormal">The gain recorded in September is a reversal of
the months-long shrinkages of the exchange's cash markets volumes that
kicked-off after <a href="https://www.financemagnates.com/institutional-forex/deutsche-brses-cash-markets-jump-3-mom-to-1616bn-in-may/" target="_blank">the 10% growth which was recorded</a> in May. </p><p class="MsoNormal">In June, the cash markets <a href="https://www.financemagnates.com/institutional-forex/deutsche-brses-cash-markets-shrink-11-mom-to-1441bn-in-june/">dropped by -11%</a> to €144.1 billion, <a href="https://www.financemagnates.com/institutional-forex/deutsche-brses-cash-markets-shrink-further-by-17-to1202b-in-july/">shrinking
further</a> by -17% to €120.2
billion in July.</p><p class="MsoNormal">In August, the volumes continued to slump, sliding -17%
to €99.23 billion before returning a 15% gain last month with €113.63 billion in trading volumes.</p><p class="MsoNormal">Performance of Trading Venues</p><p class="MsoNormal">In September, trading volume on Xetra, Europe's
leading trading venue and reference market for German blue chips, equities and
exchange-traded funds (ETFs), shot up 15% to €111.11 billion from August's
€96.65 billion.</p><p class="MsoNormal">However, compared to September 2021, the venue's
trading volume dropped -15.1% from last year's €131.14 billion.</p><p class="MsoNormal">Furthermore, ADV on this trading venue followed
a similar path, rising 20% MoM to €5.05 billion, but dropping -15.3% YoY to
€5.96 billion.</p><p class="MsoNormal">Trading volumes on private investors-focused Borse Frankfurt
dropped -3% MoM to €2.51 billion and declined
significantly by -37%  to €3.97 billion from the €2.58 billion recorded in
September 2021.</p><p class="MsoNormal">Speaking on the volumes on its trading
venues, Deutsche Börse pointed out the cash market statistics of Tradegate Exchange were not
included.</p><p class="MsoNormal">The German markets operator explained: "The
trading volumes of Tradegate Exchange will be published by the company itself
with immediate effect and can be found on<a href="https://www.tradegate.de/publikationen.php"> Tradegate Exchange</a>. </p><p class="MsoNormal">"They are no longer shown in Deutsche Börse
Group's cash market statistics, as Tradegate Exchange is no longer consolidated
due to changes in the ownership structure."</p><p class="MsoNormal">In July, when Deutsche Börse last included
Tradegate Exchange's cash market statistics in its figures, the exchange
generated <a href="https://deutsche-boerse.com/dbg-en/media/press-releases/Cash-market-trading-volumes-in-July-3186494">a turnover of
€15.7 billion</a>.</p><p class="MsoNormal">Asset Performance in
September</p><p class="MsoNormal">According to  Deutsche Börse, by type of
asset class, equities accounted for €92.71 billion in the entire cash
market. In August, it accounted for €81.6 billion of the
entire cash market's €99.23 billion.</p><p class="MsoNormal">Moreover, trading in exchange-traded funds (ETF),
commodities and notes increased 19% to €19.53 billion from August's figures of €16.38
billion.</p><p class="MsoNormal">While trading turnover in bonds shot up 15% to
€0.23 billion and those in certificates increased 11% to €1.11 billion, trading
in funds dropped 17% to  €0.05 billion.</p><p class="MsoNormal">Index Performance</p><p class="MsoNormal">According to Deutsche Börse, the stock of German multinational automotive
manufacturer, Volkswagen AG, emerged as the DAX stock with the highest turnover on
Xetra in September with €4.09 billion.</p><p class="MsoNormal">The DAX Stock Index tracks the stock performance
of the 40 biggest German companies by market capitalization and liquidity.</p><p class="MsoNormal">On the other hand, German universal bank,
Commerzbank AG, led the MDAX Index, which lists German businesses trading on the
Frankfurt Stock Exchange, with €1.22 billion. </p><p class="MsoNormal">Furthermore, VERBIO Vereinigte BioEnergie AG, a
German manufacturer and supplier of biofuels, led the SDAX Index with €149
million.</p><p class="MsoNormal">The SDAX Index tracks the performance of 70
small and medium-sized firms in Germany.</p><p class="MsoNormal">"In the ETF segment, as in the previous month,
the <a href="https://www.boerse-frankfurt.de/en/etf/ishares-core-msci-world-ucits-etf">iShares Core
MSCI World UCITS ETF</a>
generated the largest volume with €812 million," Deutsche Börse said.</p><p class="MsoNormal">However, two months ago (August), the ETF generated a much
lower figure of €610 million trading volume to emerge as the largest volume generator in the ETF segment.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.

Source: Deutsche Börse's Cash Market Recovers to €113.63 Billion in September