Deutsche Boerse’s Clearstream Sees Stable Growth in November Volumes

Settlement volumes at Deutsche Boerse AG’s Clearstream led the way in November with continued strong growth, while the picture was similar across other business areas.

The provider of post-trade services for financial services participants today reported that the value of assets under custody held on behalf of customers registered €15 trillion in November, which is up 4% from €14.49 trillion the previous year.

Additionally, the number of traded financial derivatives contracts enjoyed a very positive November with notional outstanding volumes rising 25% to 6.0 million transactions from 4.8 million a year earlier.

As part of a trading and securities giant, Deutsche Börse Group, one of the largest exchange organizations in the world, Clearstream provides a range of services for the Eurobond market.

Securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to €7.11 trillion in November 2020‎, which is higher by 3% year-over-year from €7.07 trillion.

IFS Volumes Remain Stable

A similar pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which rose across the same period to €5.02 trillion from €4.79 trillion in November 2019.

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Finally, Clearstream’s Investment Fund Services (IFS) processed 3.7 million transactions last month‎, which reflected a rise of 43 percent year-over-year from 2.5 million transactions the year earlier.

The solid volumes come at a time when Deutsche Boerse is battling to attract any clearing business that is forced out of London after the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term. But, overall, concerns about the global spread of the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term outbreak have led to a surge in market activity.

During the market turbulence, Deutsche Boerse’s Xetra and Eurex platforms, as well as other platforms that cater to retail investors, have experienced difficulties, resulting in clients getting kept out of the market during sensitive times. At the time, the exchange said that one of the most important tasks that its new head will be responsible for is to reverse the combined supervision of Xetra and Eurex, two of the largest venues for the trading of equities and exchange-traded funds in Europe.