Deutsche Börse’s 360T Sees Dull FX Demand in April, NDF Volume Drops 43%

Germany’s Deutsche Börse Group, which operates multiple trading venues, has reported a monthly decline in the trading volume with forex instruments for April 2022 on 360T, but there was a yearly improvement.

The exchange closed the month with a total spot trading volume of $520.84 billion. It was 20.5 percent lower than the previous month but 12.6 percent higher than the same month of the previous year.

The average daily spot volume on the exchange came in at more than $26 billion.

Additionally, 360T offers forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term non-deliverable forwards (NDFs) to institutional traders, which is becoming a popular trading instrument. The total trading volume with FX NDFs for April came in at $19.41 billion, which was higher by almost 43 percent year-over-year. However, the demand slumped by more than 25 percent when compared with the figures of the previous month.

Higher Demand in Cash Markets

In addition, Deutsche Börse Group revealed that it generated a turnover of €150.3 billion in April from cash markets. It was a marginal 2.1 percent.

The group operates multiple cash market venues: Xetra Xetra Xetra is an international securities trading venue, operated by the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse). An overwhelming majority of turnover on German exchanges goes through Xetra, making it one of the most important venues in the local market.Xetra operates as the reference market for exchange trading in German shares and exchange-traded funds (ETFs). The price fixing on Xetra is conducted via defined and transparent rules. Despite its importance to the German market, Xetra Xetra is an international securities trading venue, operated by the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse). An overwhelming majority of turnover on German exchanges goes through Xetra, making it one of the most important venues in the local market.Xetra operates as the reference market for exchange trading in German shares and exchange-traded funds (ETFs). The price fixing on Xetra is conducted via defined and transparent rules. Despite its importance to the German market, Xetra Read this Term, Frankfurt, Tradegate and Gesamt.

Xetra handled €126.5 billion in trading volume last month, which was greater than €118.4 billion in the same month of the previous year. The average daily trading volume on the exchange jumped to €6.7 billion from the previous year’s €5.9 billion.

Börse Frankfurt and Tradegate Exchange brought in €2.9 billion and €20.8 billion in trading volume, respectively. Both of them declined by 41.3 percent and 18.2 percent, respectively, when compared with the figures of the previous year.

Demand for equities instruments was the highest with €124.9 billion across all markets, followed by exchange-traded instruments with €23.7 billion.

Moreover, Deutsche Börse Group reported its quarterly results for Q1 2022 recently, showing a 24 percent jump in its net revenue. Furthermore, the EBITDA improved by 32 percent to touch €687.4 million.