Deutsche Börse Witnesses a Jump on Its Cash Markets Turnover in August 2021
Deutsche Börse Group, a major German financial marketplace organizer, has published its cash market trading volumes for August on Wednesday, noting a surge in such figures for the month. According to the report, the cash market had a turnover of EUR 137.6 billion in August, which is up compared to the number hit last year of EUR 116.9 billion.
As part of these volumes, EUR 106.7 billion can be attributed to Xetra, whose figure for 2020 was EUR 95.8 billion, Deutsche Börse noted. That said, its daily trading volume was EUR 4.9 billion, up from the previous year’s number of EUR 4.6 billion. “Trading volumes on Börse Frankfurt were €3.9 billion (previous year: €3.7 billion) and on Tradegate Exchange €27 billion (previous year: €17.3 billion),” the marketplace organizer added in the report.
By checking the DAX stocks with the highest turnover on Xetra, Allianz SE had a significant share of EUR 4.7 billion, leading the ranking, followed by HelloFresh SE, which topped the ranking as the MDAX with the highest turnover, accounting EUR 1.1 billion. According to the trading volumes report, the iShares Core DAX UCITS ETFs generated the largest volume in the exchange-traded funds front with EUR 700 million.
Deutsche Börse Group Q1 2021 Financials
In July, Finance Magnates reported that Deutsche Börse witnessed a 13% yearly jump in its net revenue for the second quarter of 2021. In absolute terms, this figure came in at EUR 881.7 million. The Group has many businesses in the financial industry, including a derivatives exchange, commodities marketplace, and post-trading, among others. In addition, 360T – Deutsche Börse’s foreign exchange platform – ended the quarter with impressive figures.
In Q1 2021, the net revenue of the FX segment jumped by 8% year-over-year to EUR 25.6 million. Out of the total revenue, EUR 17.5 million came from trading, EUR 2.2 million from GTX, and other sources. The operating cost from this arena stood at EUR 13.3 million.
Source: Read Full Article