Deutsche Börse’s Cash Markets Decline 11% To €144.1 Billion In June

Germany-based exchange Deutsche Börse has released results of its cash markets for June. According to the report, the platform recorded €144.1 billion, representing an 11% dip from the figures in May. The cash markets initially rose by 10% month-over-month (MoM) from April to May when the exchange realized €161.6 billion. Out of the €144.1 billion generated in June, €123.9 billion was derived from Xetra. This represents a 10% decline from the trading venue’s €138.1 billion generated last month.

Xetra is the main trading venue in Europe and has become the main market for German exchange-traded funds (ETFs), equities, and blue chips companies.

However, the figures in June show a decline in average daily Xetra trading volume (ADV). It fell from €6.3 billion to €5.6 billion, representing an 11% decline. The decline continued even on a YoY basis, as Xetra’s ADV fell from €5.4 billion to €6.4 billion, representing a 16% drop.

Börse Frankfurt Also Recorded Trading Decline

The month was also not favorable to Börse Frankfurt, the country’s main trading venue for private investors. The venue recorded a turnover of 17.5 billion, representing a 29% decline YoY and a 10% dip MoM.

Tradegate is not left out in the overall market slumber. The exchange, with 60% ownership by Deutsche Börse AG, recorded a trading volume of €17.5 billion for the month. This represents a 15% decrease from the €20.5 billion it recorded the previous month.

Trading volumes on Tradegate Exchange, which is owned 60% by Deutsche Börse AG, capped €17.5 billion in June. But on a YoY basis, the decline was 25%. Deutsche Börse AG stated that it accumulated €19.8 billion in its equities in the entire cash market. This represents an 11% decline from the €135.5 billion turnovers.

The volume of trades in exchange-traded funds (ETF) also fell below the volume in the previous month. In June, Deutsche Börse generated a turnover of €22.6 billion from trading in ETFs. This represents an 8% decrease from the €24.5 billion generated in May. In certificates and bonds, turnover was €1.1 billion and €0.4 billion respectively.

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