The cash markets of Deutsche Börse, a Germany-based exchange organization, shrank further by -17% in July to €120.2 billion.
Year-over-year (YoY), the markets contracted by -16% from its €143 billion posting in July 2021.
These details are contained in the July cash market trading volumes data published by Deutsche Börse on Monday.
This recent shrinkage in the cash markets’ turnover started in May.
In May, the Deutsche Börse cash markets had climbed 10% month-on-month (MoM) to €161.6 billion only to drop by -11% to €144.1 billion in June.
The continued decline in July was reflected in the turnover of the trading venues that make up the cash markets.
Deeper Falls at the Trading Venues
Xetra is Europe's leading trading venue and reference market for German blue chips, equities and exchange-traded funds (ETFs).
In June, Xetra accounted for €123.9 billion of Deutsche Börse cash markets’ turnover, dropping from its €138.1 billion posting in May.
In July, this trading venue slumped further by -17.5% to €102.2 billion.
Similarly, the average daily trading volume (ADV) on Xetra fell by -12.5% to €4.9 billion from €5.6 billion in June.
On a YoY basis, the ADV decreased -8% from €5.3 billion recorded in the same period last year.
On Borse Frankfurt, a trading venue that majorly caters to private investors, the story is very similar.
The trading volume on this venue dipped -15% to €2.3 billion from the €2.7 billion posted two months ago.
Tradegate Exchange, a venue where Deutsche Börse AG boasts a 60% stake, generated a turnover of €15.7 billion in July.
Trading volume on the venue dropped -10% MoM from last month’s €17.5 billion and -33% from last year’s €23.5 billion.
Asset Performance in July
In July, equities remained the top performer in terms of assets traded on Deutsche Börse cash markets. With €99.1 billion, equities accounted for 82% of the entire cash market.
In June, with €119.8 billion, equities took 83% of the €144.1 billion generated in the entire cash market.
Furthermore, trading in exchange-traded funds, commodities and notes dropped -13% from June’s €22.6 billion to €19.6 billion in July.
While turnover in certificates and funds fell by -18% and -50, respectively, bonds' remained flat at €0.4 billion.
Index Performance in July
In July, the stock of Linde PLC, a 143-year-old global multinational chemical company, retained its position as the top performer of the DAX Stock Index on Xetra.
The DAX Stock Index tracks the stock performance of the 40 biggest German companies by market capitalization and liquidity.
Although Linde PLC retained its leading position on Xetra from June, it lost comparatively €1.4 billion. Linde had returned €5.3 billion in June.
Meanwhile, Delivery Hero SE, a Berlin-based multinational online food delivery service, led the MDAX Index in July with €916 million. The MDAX is a stock index that lists German businesses trading on the Frankfurt Stock Exchange.
On the other hand, the online pharmacy Shop, Apotheke Europe led the SDAX Index with €152 million. The SDAX Index tracks the performance of 70 small and medium-sized firms in Germany.
In June, Commerzbank AG, a major German bank headquartered in Frankfurt, led the MDAX with €1.3 billion.
Additionally, Deutsche EuroShop AG, a Hamburg-headquartered international German real estate investment firm, led the SDAX Index with €220 million in June.
“In the ETF segment, the iShares Core EURO STOXX 50 UCITS ETF generated the largest volume with €772 million,” Deutsche Börse said in a press statement announcing the July data.
In June, the iShares Core MSCI World UCITS ETF generated the largest volume with €762 million.
