Extended trading hours for certificates well received

Release date: 01 Aug 2018 | Deutsche Börse

Extended trading hours for certificates well received

Cash markets’ turnover in July €124.3 billion

Since 22 June 2018, investors can trade certificates and warrants on the Frankfurt Stock Exchange from 8 a.m. to 10 p.m. (formerly 9 a.m. to 8 p.m.). The number of trades in the extended trading hours corresponds to a share of around 7 percent of total order flow after trades and therefore exceeded expectations.

„Our analysis suggests that most of these are additional trades. This confirms our decision to extend trading hours. Our customers are also accepting the extended trading hours well“, says Florian Claus, Executive Board Member of Börse Frankfurt Zertifikate AG. Meanwhile, 1.2 million products from 12 issuers are tradable. This means that around 75 percent of all structured products tradable in Frankfurt are covered between 8 a.m. and 10 p.m.

Trading turnovers in July

In the cash markets of Deutsche Börse, a turnover of €124.3 billion was achieved in July (previous year: €118.9 billion). Xetra accounted for €113.6 billion of this amount (previous year: €109 billion), bringing average Xetra daily trading volume to €5.2 billion. On the Frankfurt Stock Exchange €2.9 billion (previous year: €3.5 billion) and €7.8 billion (previous year: €6.3 billion) were traded on Tradegate Exchange.

In the entire cash market, equities accounted for around €112 billion of turnover. In July, Bayer AG (ISIN: DE000BAY0017) was the DAX stock with the highest turnover on Xetra at €4.9 billion; Osram Licht AG (ISIN: DE000LED4000) was ahead in MDAX stocks at €711 million. Steinhoff International (ISIN: NL0011375019) led the SDAX share index with €274 million, Wirecard AG (ISIN: DE0007472060) led the TecDAX with €1.5 billion. The ETF with the highest turnover on Xetra was ISHS CORE DAX UCITS ETF (ISIN: DE0005933931) with €1.3 billion.

Detailed trading turnover for July 2018 in billion €:

 Xetra       Frankfurt    Tradegate    In total
Bonds-0.30.10.4
Equities103.41.47.2112
ETF/ETC/ETN10.10.10.510.7
Funds-0.10.10.1
Certificates-1-1
July 2018 in total     113.62.97.8124.3
July 2017 in total109.1

3.5

6.3118.9

Further details are available online in Deutsche Börse’s cash market statistics. For a pan-European comparison of trading locations, see the statistics provided by the Federation of European Securities Exchanges (FESE).

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