Deutsche Borse Reports €134.9b Cash Markets Turnover For June

German-based exchange and Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term operator Deutsche Borse today published a statement announcing that its order book turnover on Xetra, Borse Frankfurt and Tradegate Exchange across all asset classes stood at €134.9 billion in June, compared with €103.8 billion in May 2016, representing an overall increase of almost 30 percent MoM.

This month's results indicate a turnaround in fortunes for the exchange which had taken a dive in recent months.

Solid All-Round Performance

Of the €134.9 billion, €123.9 billion were attributable to Xetra (May 2016: €96.1 billion). The average daily turnover on Xetra stood at €5.6 billion in June (May 2016: €4.6 billion). A turnover of €4.2 billion was attributable to Börse Frankfurt (May 2016: €2.9 billion). Order book turnover on Tradegate Exchange totalled approximately €6.8 billion in June (May 2016: €4.9 billion). Broken down by asset classes, cash market turnover in equities reached about €113.6 billion.

Turnover in ETFs/ETCs/ETNs amounted to €19.0 billion. Turnover in bonds was €0.7 billion, in structured products €1.4 billion and in funds €0.2 billion.

The electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Eurex Bonds traded €7.8 billion (single counting, mainly government bonds) in June (May 2016: €4.7 billion).

Viewed by transactions, a total of 23.6 million trades were executed on Xetra in June (May 2016: 19.2 million).

The DAX security with the highest turnover on Xetra in June was Bayer AG at €6.4 billion. K+S AG led the MDAX equities with €904 million, while Schaeffler AG topped the SDAX equity index with €154 million, and Wirecard AG headed TecDAX with €596 million. The ETF with the highest turnover on Xetra was iShares Core DAX UCITS ETF with €1.9 billion.