Deutsche Börse’s 360T Sees Dull FX Demand in April, NDF Volume Drops 43%

Germany’s Deutsche Börse Group, which operates multiple trading venues, has reported a monthly decline in the trading volume with forex instruments for April 2022 on 360T. But there was a yearly improvement.

The exchange closed the month with a total spot trading volume of $520.84 billion. It was 20.5 percent lower than the previous month, but 12.6 percent higher than the same month of the previous year.

The average daily spot volume on the exchange came in at more than $26 billion.

360T also offers  forex  non-deliverable forwards (NDFs) to institutional traders, which is becoming a popular trading instrument. The total trading volume with FX NDFs for April came in at $19.41 billion, which was higher by almost 43 percent year-over-year. However, the demand slumped by more than 25 percent when compared with the figures of the previous month.

Higher Demand in Cash Markets

Deutsche Börse Group further revealed that it generated a turnover of €150.3 billion in April from cash markets. It was a marginal 2.1 percent.

The group operates multiple cash market venues:  Xetra  , Frankfurt, Tradegate and Gesamt.

Xetra handled €126.5 billion in trading volume last month, which was higher from €118.4 billion in the same month of the previous year. The average daily trading volume on the exchange jumped to €6.7 billion from the previous year’s €5.9 billion.

Börse Frankfurt and Tradegate Exchange brought in €2.9 billion and €20.8 billion in trading volume, respectively. Both of them declined by 41.3 percent and 18.2 percent, respectively, when compared with the figures of the previous year.

Demand for equities instruments was the highest with €124.9 billion across all markets, followed by exchange-traded instruments with €23.7 billion.

Deutsche Börse Group also reported its quarterly results for Q1 2022 recently, showing a 24 percent jump in its net revenue. The EBITDA also improved by 32 percent to touch €687.4 million.

Germany’s Deutsche Börse Group, which operates multiple trading venues, has reported a monthly decline in the trading volume with forex instruments for April 2022 on 360T. But there was a yearly improvement.

The exchange closed the month with a total spot trading volume of $520.84 billion. It was 20.5 percent lower than the previous month, but 12.6 percent higher than the same month of the previous year.

The average daily spot volume on the exchange came in at more than $26 billion.

360T also offers  forex  non-deliverable forwards (NDFs) to institutional traders, which is becoming a popular trading instrument. The total trading volume with FX NDFs for April came in at $19.41 billion, which was higher by almost 43 percent year-over-year. However, the demand slumped by more than 25 percent when compared with the figures of the previous month.

Higher Demand in Cash Markets

Deutsche Börse Group further revealed that it generated a turnover of €150.3 billion in April from cash markets. It was a marginal 2.1 percent.

The group operates multiple cash market venues:  Xetra  , Frankfurt, Tradegate and Gesamt.

Xetra handled €126.5 billion in trading volume last month, which was higher from €118.4 billion in the same month of the previous year. The average daily trading volume on the exchange jumped to €6.7 billion from the previous year’s €5.9 billion.

Börse Frankfurt and Tradegate Exchange brought in €2.9 billion and €20.8 billion in trading volume, respectively. Both of them declined by 41.3 percent and 18.2 percent, respectively, when compared with the figures of the previous year.

Demand for equities instruments was the highest with €124.9 billion across all markets, followed by exchange-traded instruments with €23.7 billion.

Deutsche Börse Group also reported its quarterly results for Q1 2022 recently, showing a 24 percent jump in its net revenue. The EBITDA also improved by 32 percent to touch €687.4 million.

Source: https://www.financemagnates.com/institutional-forex/deutsche-brses-360t-sees-dull-fx-demand-in-april-ndf-volume-drops-43/