Settlement volumes at Deutsche Boerse AG\u2019s\u00a0Clearstream\u00a0led the way in January with continued strong growth, while the picture was similar across other business areas.<\/p>\n
The provider of post-trade services for financial services participants today reported that the value of assets under custody held on behalf of customers registered \u20ac15.38 trillion in January, which is up 4 percent from \u20ac14.73 trillion the previous year.<\/p>\n
Additionally, the number of traded financial derivatives contracts enjoyed a very positive January with notional outstanding volumes rising 26 percent to 6.8 million transactions from 5.4 million a year earlier.<\/p>\n
As part of a trading and securities giant, Deutsche B\u00f6rse Group, one of the largest exchange organizations in the world,\u00a0Clearstream provides\u00a0a range of services for the Eurobond market.<\/p>\n
Securities held under custody in Clearstream\u2019s international business as an international central securities depository (ICSD) rose slightly to \u20ac7.16 trillion in January 2020\u200e, which was virtually unchanged year-over-year from \u20ac7.13 trillion.<\/p>\n
A similar pattern was noted across the company\u2019s securities held under custody in the German central securities depository (CSD) which rose across the same period to \u20ac5.22 trillion from \u20ac4.8 trillion in January 2020.<\/p>\n
Finally, Clearstream\u2019s Investment Fund Services (IFS) processed 3.5 million transactions last month\u200e, which reflected a rise of 14 percent year-over-year from 3.0 million transactions the year earlier.<\/p>\n
The solid volumes come at a time when Deutsche Boerse is battling to attract any clearing business that is forced out of London after the Brexit. But, overall, concerns about the global spread of the coronavirus outbreak have led to a surge in market activity.<\/p>\n
During the market turbulence, Deutsche Boerse\u2019s\u00a0Xetra\u00a0and\u00a0Eurex\u00a0platforms, as well as other platforms that cater to retail investors, have experienced difficulties, resulting in clients getting kept out of the market during sensitive times.\u00a0At the time, the exchange said that one of the most important tasks that its new head will be responsible for is to reverse the combined supervision of Xetra and Eurex, two of the largest venues for the trading of equities and exchange-traded funds in Europe.<\/p>\n