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

The cash markets of Germany-based exchange organization, Deutsche Börse, improved by 15% month-on-month (MoM) to €113.63 billion in September 2022.

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However, on a year-on-year (YoY) basis, the volume dropped -16% from €135.11 billion recorded in September 2021.

These figures are contained in the September 2022 cash market trading volumes published by Deutsche Börse on Tuesday.

The gain recorded in September is a reversal of the months-long shrinkages of the exchanges cash markets volumes that kicked-off after the 10% growth recorded in May.

In June, the cash markets dropped -11% to €144.1 billion, shrinking further by -17% to €120.2 billion in July.

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.

Performance of Trading Venues

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 Augusts €96.65 billion.

However, compared to September 2021, the venue‘s trading volume dropped -15.1% from last year’s €131.14 billion.

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.

On private investors-focused Borse Frankfurt, trading volumes dropped -3% MoM to €2.51 billion and further declined significantly by -37% to €3.97 billion from the €2.58 billion recorded in September 2021.

Speaking on the volumes on its trading venues, Deutsche Börse pointed out the cash market statistics of Tradegate Exchange were not included.

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 Tradegate Exchange.

“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.”

In July, when Deutsche Börse last included Tradegate Exchanges cash market statistics in its figures, the exchange generated a turnover of €15.7 billion.

Asset Performance in September

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 markets €99.23 billion.

Furthermore, trading in exchange-traded funds (ETF), commodities and notes increased 19% to €19.53 billion from Augusts €16.38 billion.

While trading turnover in bonds shot up 15% to €0.23 billion, and those in certificates 11% to €1.11 billion, trading in funds dropped 17% to €0.05 billion.

Index Performance

According to Deutsche Börse, the stock of German multinational automotive manufacture, Volkswagen AG, emerged the DAX stock with the highest turnover on Xetra in September with €4.09 billion.

The DAX Stock Index tracks the stock performance of the 40 biggest German companies by market capitalization and liquidity.

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.

Furthermore, VERBIO Vereinigte BioEnergie AG, a German manufacturer and supplier of biofuels, led the SDAX Index with €149 million.

The SDAX Index tracks the performance of 70 small and medium-sized firms in Germany.

“In the ETF segment, as in the previous month, the iShares Core MSCI World UCITS ETF generated the largest volume with €812 million,” Deutsche Börse said.

However, two months ago (August), the ETF generated a much lower €610 million trading volume figure to emerge the largest volume generator in the ETF segment.