Boerse Stuttgart generated turnover of around €7.7bn in November 2013, according to its order book statistics. This represents an increase of approximately 1.5% by comparison with October.
With a trading volume of around €3.5bn, slightly up on the previous month, securitised derivatives accounted for the largest share of total turnover. Trading in investment products was more than 2% higher at over €2.2bn. Driven by particularly strong demand, turnover in reverse convertibles rose by approximately 21% to around €414m. Leverage products ended the month at around €1.2bn, just below the October figure.
Trading in debt instruments produced turnover of around €2.1bn, over 6% up on the total for October. Corporate bonds generated the biggest share of turnover in this asset class with an increase of roughly 15% on October to around €921m.
Turnover from equity trading in November reached over €1.4bn, up approximately 3% on the figure for October. Out of this total, approximately €1.1bn was generated by trading in German equities, an increase of around 40% on the same month in 2012, while international equities contributed roughly €386m to the overall total, almost double the trading volume achieved in November 2012.
Trading in investment fund units accounted for approximately €676m of the November total, with exchange-traded products (ETPs) contributing the lion’s share of roughly €579m. Trading in investment fund units generated turnover in the region of €98m, over 11% up on the figure for October.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.