Deutsche Börse’s Cash Markets Rise 3% YoY to €161.6bn in May

The cash markets of Deutsche Börse, the Germany-based exchange organization, generated a turnover of €161.6 billion in May as opposed to €157.6 billion generated in the same month in 2021.

The May turnover is an approximate 3% increase year-on-year (YoY) for the marketplace organizer.

On a month-on-month (MoM) basis, the markets rose 10% from April’s €147.1 billion turnover.

The figures are contained in the latest trading volumes data published by Deutsche Börse on Thursday.

Deutsche Börse’s cash markets had generated €205.4 billion in turnover in February and a higher figure of €250.5 billion in March.

Market Breakdown

According to the newly-published data, Xetra, Europe's leading trading venue for German blue chips and exchange-traded funds (ETFs) saw a 7.8% MoM increase in trading volume.

Trading volume on the venue rose to €138.1 billion from the €128.1 billion recorded in May 2021.

This brought the average daily Xetra trading volume to €6.3 billion, which is a slide from the €6.4 billion seen in the same month last year.

On Börse Frankfurt, the stock exchange which is said to be accountable for over 90% of turnover in the German market, trading volumes dipped by -30% in May, capping at €3 billion in contrast to the €4.3 billion that it recorded in the same month last year.

On Tradegate Exchange, one of Europe's largest exchanges, trading volumes sank by -19%, falling to €20.5 billion in May 2022 from the €25.2 billion that it generated in May 2021.

Turnover by Asset Class

According to Deutsche Börse, by type of asset class, equities accounted for €135.3 billion in the entire cash market.

On the other hand, trading in exchange-traded funds, commodities and notes generated a turnover of €24.5 billion.

“Turnover in bonds was €0.5 billion, in certificates €1.2 billion and in funds €0.2 billion,” Deutsche Börse wrote in the new report.

How Did the Indexes Perform?

In addition, the integrated financial services provider disclosed that Allianz SE, a German multinational financial services company, led the DAX Stock Index on Xetra. Allianz SE’s leading turnover came in at €5.8 billion in May.

On the other hand, Rheinmetall AG, a leading German integrated technology group, led the MDAX with €1.6 billion.

The MDAX is a stock index which lists German companies trading on the Frankfurt Stock Exchange.

Additionally, VERBIO Vereinigte BioEnergie AG, a German manufacturer and supplier of biofuels, led the SDAX Index with €377 million.

“In the ETF segment, the iShares Core DAX UCITS ETF generated the largest volume with €1 billion,” Deutsche Börse added.

Meanwhile, Deutsche Börse Group saw a 24% jump in its first-quarter earnings for 2022.

In absolute terms, the figure came in at more than €1.06 million.

Furthermore, the quarterly revenue came in stronger than the cyclical expectations of the German financial services group.