Clearstreams settlement transactions on the German domestic market reached 7.7 million in September, a 23% increase year-on-year (September 2010: 6.2 million). Of these transactions, 69% were stock exchange transactions and 31% OTC transactions. These trades were settled by Clearstream Banking Frankfurt, the local CSD.
The group attributed this increase to market volatility in Europe, which spurred increased trading on Xetra, the Deutsche Brses trading system. Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at 131.6 billion in September an 26.7% increase YoY (September 2010: 103.8 billion).
Clearstreams value of assets under custody registered a minor decrease to 10.81 trillion in September, compared to 10.86 trillion in September 2010. Securities held under custody in the securities depositorys international business experienced a 2% rise from 5.8 trillion in September 2010 to 5.9 trillion in September 2011 while domestic German securities held under custody decreased by 3% from 5.0 trillion in September 2010 to 4.9 trillion in September 2011.
In September 2011, 3.0 million international settlement transactions were processed, a 6% increase over September 2010 (2.8 million). Of all international transactions, 80% were OTC transactions and 20% were registered as stock exchange transactions.
For Global Securities Financing (GSF) services, the monthly average outstanding reached 653.6 billion. The combined services, which include triparty repo, securities lending and collateral management, collectively experienced a rise of 19% over September 2010 (547.5 billion).
In the Investment Funds services, 0.39 million transactions were processed, a 5% decrease over September 2010 (0.41 million). Year-to-date September 2011 is with 4.04 million transactions 9% higher than the same period last year (year-to-date September 2010: 3.71 million).
Earlier this week, Deutsche Brse reported a daily volume of 12.4 million contracts at Eurex Group in September. The Eurex Exchange saw the highest YoY growth for equity index derivatives while Eurex Repo saw a new all-time high for GC pooling.
In September 2011, the international derivatives exchanges of Eurex Group recorded an average daily volume of 12.4 million contracts (September 2010: 9.9 million). Of those, 9.1 million were Eurex Exchange contracts (Sep 2010: 7.3 million), and 3.3 million contracts (Sep 2010: 2.6 million) were traded at the US-based International Securities Exchange (ISE). Deutsche Brse said the growth of 25% YoY is due to the stronger hedging needs of market participants driven by uncertainty resulting from the European sovereign debt crisis, which led to an increasing use of exchange-traded and centrally cleared derivatives in the current market environment. In total, 201.1 million contracts were traded at Eurex Exchange and 68.8 million at ISE.
(JDC)