Exchanges from Germany, USA and Switzerland report their stats for 2015 

Deutsche Börse, Eurex Exchange, ISE Holdings, SIX Swiss Exchange and CBOE Holdings, Inc. have issued announcements to inform in relation with their trading results and statistics for 2015.

Deutsche Börse

Deutsche Börse cash market turnover up by 28 percent in 2015

– Cash markets turnover totals €1.64 trillion in 2015
– ETF segment records second strongest year since introduction in 2000
– December order book turnover increases 12 percent year-on-year

Deutsche Börse cash markets recorded a total of €1.64 trillion in turnover in 2015 (2014: €1.28 trillion), a 28 percent increase over the previous year. Of this amount, €1.51 trillion is attributable to Xetra, €54.6 billion to Börse Frankfurt and €75.3 billion to Tradegate Exchange.

Exchange traded fund (ETF) trading on Xetra achieved €188.9 billion in 2015, the second strongest year since its launch in 2000. Product selection recorded a new high of more than 1,100 tradable ETFs. Xetra thus remains Europe’s leading trading venue for ETFs.

Trading volumes December 2015

Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €121.8 billion in December (December 2014: €108.9 billion).

Of the €121.8 billion, €112.3 billion were attributable to Xetra (December 2014: €100.7 billion). The average daily turnover on Xetra stood at €5.6 billion in December (December 2014: €5.3 billion). A turnover of €3.9 billion was attributable to Börse Frankfurt in December (December 2014: €4.0 billion). Order book turnover on Tradegate Exchange* totalled approximately €5.6 billion in December (December 2014: €4.3 billion).

Broken down by asset classes, cash market turnover in equities reached about €102.1 billion. Turnover in ETFs/ETCs/ETNs amounted to €17.5 billion. Turnover in bonds was €0.6 billion, in structured products €1.4 billion and in funds €0.2 billion. The electronic trading platform Eurex Bonds traded €3.9 billion (single counting, mainly government bonds) in December (December 2014: €7.3 billion).

Viewed by transactions, a total of 20.0 million trades were executed on Xetra in December (December 2014: 15.6 million).

The DAX security with the highest turnover on Xetra in December was Daimler AG at €6.2 billion. Metro AG led the MDAX equities with €759 million, while Ströer SE topped the SDAX equity index with €261 million, and Dialog Semiconductor plc headed TecDAX with €717 million. The ETF with the highest turnover on Xetra was iShares Core DAX UCITS ETF with €1.6 billion.

Eurex Exchange

Trading statistics full year and December 2015

• Average daily volume approximately 9.0 million contracts

In 2015, the international derivatives markets of Deutsche Börse Group, recorded a turnover of approximately 2.3 billion contracts (2014: 2.1 billion contracts). The total volume for 2015 splits into 1.7 billion contracts traded at Eurex Exchange (2014: 1.5 billion) and 599.8 million contracts traded at the International Securities Exchange (ISE) (2014: 607.4 million). The yearly volume traded on the spot and derivatives power markets of the European Energy Exchange (EEX) amounted to 2,537.1 terawatt hours. Eurex Repo recorded in all markets in 2015 an average outstanding volume of 172.8 billion euros.

In 2015, the equity index derivatives segment was the largest at Eurex Exchange with a total annual volume of 831.2 million contracts (2014: 708.4 million). Derivatives on the EURO STOXX 50 index were the largest single products with 341.8 million futures and 314.5 million options. The equity derivatives segment (options and single stock futures) saw 309.3 million contracts (2014: 300.4 million). In 2015, the interest rate derivatives segment reached a total of 509.1 million contracts (2014: 461.3 million). Volatility derivatives recorded significant increases: 13.9 million contracts in 2015 versus 10.3 million contracts in 2014. Dividend derivatives totaled at 9.1 million in comparison to 9.7 million contracts in 2014.

Eurex Exchange December

In December 2015, the Eurex derivatives markets, part of Deutsche Börse, reached an average daily volume of 9.9 million contracts (Dec 2014: 9.2 million), with 7.6 million contracts traded at Eurex Exchange (Dec 2014: 7.3 million) and 2.3 million contracts traded at the ISE (Dec 2014: 1.9 million).

At Eurex Exchange, equity index derivatives recorded the highest turnover among
all product segments with 79.6 million contracts (Dec 2014: 76.5 million). A total of 24.4 million contracts were traded in the equity derivatives segment, compared with 21.7 million in Dec 2014. A total of 45.6 million contracts were traded in the interest rate derivatives segment in December, compared with 38.6 million in the same period in 2014.

The Eurex dividend-based derivatives segment totaled approximately 563,000 contracts. Volatility derivatives achieved about 1.1 million contracts.

European Energy Exchange

The monthly volume on EEX’s power derivatives market amounted to 233.6 terawatt hours (TWh) in December 2015 (December 2014: 205.1 TWh). The total volume on the power spot and derivatives markets of EEX Group amounted to 285.9 TWh. This volume also includes the EPEX SPOT markets (incl. APX-Belpex) which have been fully consolidated into EEX as of the beginning of 2015. On the natural gas spot and derivatives markets, the volume amounted to 144.9 TWh (December 2014: 52.5 TWh). In December, a volume of 48.9 million tonnes of CO2 was traded on the spot and derivatives market for CO2 emission allowances (December 2014:
22.8 million tonnes of CO2). In addition, 2,585 contracts were traded in EEX’s agricultural products. In freight, 25,143 contracts were traded in December (December 2014: 21,292 contracts) and 18.5 million tonnes were traded in iron ore (December 2014: 10.8 million tonnes).

Eurex Repo

Eurex Repo, which operates the Euro Repo and GC Pooling markets, reached an average outstanding volume of 172.8 billion euros across all repo markets in 2015 (2014: 199.5 billion euros). The secured money market GC Pooling recorded an average outstanding volume of 140.9 billion euros (2014: 158.5 billion euros); the Euro Repo market totaled at 31.9 billion euros (2014: 41.0 billion euros).

In December 2015, the combined volume was 142.5 billion euros (Dec 2014: 194.1 billion euros). The GC Pooling market reached 112.1 billion euros (Dec 2014: 155.2 billion euros), and the Euro Repo market recorded an average outstanding volume of 30.4 billion euros (Dec 2014: 38.9 billion euros).

International Securities Exchange Holdings, Inc. (ISE)

ISE Holdings Reports Business Activity for December and Full Year 2015

• For full year 2015, ISE and ISE Gemini combined for 16.1% equity options market share, excluding dividend trades, with an ADV of 2.4 million contracts.
• Dividend trades made up 0.7% of industry volume in 2015, the lowest since ISE began tracking the statistic in 2010.

SIX Swiss Exchange

Key figures for SIX Swiss Exchange and SIX Structured Products
Exchange: 2015

• Trading turnover up by 19.5% to over CHF 1,372.5 billion (average per day of CHF 5.5 billion)
• Increases in turnover in all SIX Swiss Exchange segments
• New records reached on 15 January 2015: new historical highs in stock exchange trading volume (CHF 27.7 billion) and the volume of transactions (949,988) on one trading day
• For the first time in history: milestone of 1,000 ETFs tradeable on SIX Swiss Exchange reached
• Anniversaries in 2015: 20 years of fully electronic stock exchange trading and ETFs on offer for 15 years

There was a marked year-on-year increase in trading activity on SIX Swiss Exchange and SIX Structured Products Exchange. All in all, trading turnover grew by 19.5% to CHF 1,372.5 billion, while the number of trades rose by 32.7% to 51,543,273. This meant that an average exchange day saw 205,352 trades and turnover of some CHF 5.5 billion. On the peak trading day, 15 January, there were 949,988 trades with a trading volume of CHF 27.7 billion. This is a new historical high – such a high trading turnover and so many trades have never been recorded on SIX Swiss Exchange on one trading day before. The previous records stood at around 392,587 trades (9.8.2011) and a trading volume of CHF 27.4 billion (1.3.2007). All in all, trading turnover exceeded the prior-year figures in eleven out of twelve months in 2015. The number of trades exceeded the prior-year figure every month.

The performance of the equity and bond indices changed only slightly overall. The SMI closed the year at 8,818.1 points, climbing to a 8-year high (9,526.8) on 5 August. The previous record of 9,531.5 points was reached on 1 June 2007. In all, 286 new bonds (-20.6%) and 42,729 new structured products (+8.7%) were listed.

Christoph Landis, Division CEO SIX Swiss Exchange: “2015 was very successful for us. We recorded the highest trading turnover ever to be achieved on one trading day on 15 January. At the same time, we ensured that business was conducted in an orderly manner at all times and that all trades could be settled on time. We therefore successfully passed a stress test with our systems.” Christoph Landis goes on: “But 2015 was also a year of anniversaries. 15 years ago the first ETFs were listed on SIX Swiss Exchange. The segment has been impressive ever since with its strong growth and recorded its second-best result this year. We also celebrated 20 years of fully electronic stock exchange trading. Both events reaffirm our determination to develop our offer and our systems further with a view to future requirements – as we serve the Swiss financial center and our customers at home and abroad.”

Overview of the individual segments:

The equities including funds, ETSFs and ETPs segment can again look back on a very successful year. Trading turnover climbed by 24.6% to CHF 1,061.1 billion, while the number of transactions rose by 34.3% to 49,123,573. The highest-turnover securities in 2015 were Novartis N, at CHF 137.6 billion, followed by Nestlé N at CHF 128.5 billion and Roche GS at CHF 114.4 billion.

CHF bonds, the second-largest segment on SIX Swiss Exchange in terms of trading turnover, saw turnover of CHF 173.0 billion. Whereas this equates to year-on-year growth of 4.2%, the number of trades declined by 6.2% to 473,503.

The ETF segment celebrated its 15th anniversary on 16 September. The milestone of 1,000 ETFs tradeable on SIX Swiss Exchange was reached for the first time in history in February 2015 and two new issuers were welcomed. 20 issuers currently offer over 1,100 ETFs (an increase of more than 110). Trading turnover of the entire segment grew by 6.0% to CHF 96.3 billion, while the number of trades rose significantly by 16.7% to 1,063,778.

The performance of the foreign currency bonds segment was positive once again: trading turnover was up by 17.4% to CHF 15.3 billion, hitting a level last exceeded in 2007. The number of transactions declined on the other hand by 25.6% to 16,159.

Trading turnover in structured products and warrants amounted to CHF 26.9 billion, equating to a year-onyear increase of 0.2%. The number of transactions was up by 7.4% year-on-year to 866,260.

The performance of the most important equity indices was as follows in 2015: the blue chip SMI® index stood at 8,818.1 points at the end of December (-1.8% versus end 2014). the SLI Swiss Leader Index® at 1,331.9 points (+0.1%) and the broadly based SPI® at 9,094.0 points (+2.7%). The most important bond index, the SBI® AAA-BBB Total Return, turned in a slightly positive performance, climbing by 1.8% to 134.5 points.

CBOE Holdings, Inc.

CBOE Holdings Reports Trading Volume for 2015

• Total Volume of 1.2 Billion Contracts in 2015
• Total Index Options, SPX Options at CBOE and VIX Futures at CFE Set Annual Volume Records
• Total Volume of 90 Million Contracts in December

CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that consolidated trading volume for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE®) totaled 1.2 billion contracts in 2015, a decrease of 11 percent from the record 1.3 billion contracts in 2014. Average daily volume (ADV) was 4.7 million contracts on the year, a decrease of 11 percent from the record 5.3 million contracts per day in 2014.

Several trading records were set at CBOE and CFE during the year. Index options trading at CBOE reached a new all-time high for a third consecutive year, driven by record trading in S&P 500 Index (SPX) options. In addition, trading in CBOE Volatility Index® (VIX®) futures set new records for total volume and ADV for the sixth straight year.

CBOE Trading Volume and Market Share

CBOE Volume

• Total trading volume at CBOE in 2015 was 1.0 billion contracts, down 13 percent from the record volume in 2014. ADV was 4.1 million contracts, down 13 percent from the record ADV set in 2014.
• In 2015, total volume in equity options was 370.1 million contracts, and ADV was 1.5 million contracts, both down 22 percent from 2014.
• In 2015, total volume in exchange traded product (ETP) options was 266.4 million contracts, and ADV was 1.1 million contracts, both down 14 percent from 2014.
• In the 2:00 a.m. to 8:15 a.m. CT extended trading hours (ETH) session, a total of nearly 640,000 SPX and VIX options contracts traded. CBOE introduced ETH for SPX and VIX options in March.

CBOE Volume Records

• Total trading volume at CBOE set a single-day record on August 21 with 11.2 million contracts traded.
• Trading in index options set new total volume and ADV records for a third consecutive year. Total volume in 2015 was 406.5 million contracts, and ADV was 1.6 million contracts, both up slightly from 2014.
• Total index options trading volume also set a single-day record on August 21 with 5.0 million contracts traded.
• Trading in SPX options set multiple volume records in 2015. For a third consecutive year, total annual volume and annual ADV reached new all-time highs of 236.5 million contracts and nearly 940,000 contracts, respectively. In addition, SPX options trading set new records for monthly ADV (1.3 million contracts in August) and single-day volume (2.9 million contracts on August 21).
• Trading in VIX options set records for monthly total volume and monthly ADV in August with 20.8 million contracts and more than 900,000 contracts, respectively.

Source: Deutsche Börse, Eurex Exchange, ISE Holdings, SIX Swiss Exchange, CBOE Holdings

 

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