Equities trading conditions improved in May according to figures published by European exchange groups.
Deutsche Boerse saw total order book turnover on its cash markets increase over 30% from €96.1 billion in May 2014 to €125.6 billion last month.
As a result, average daily turnover on Xetra, the group’s main equities trading platform, increased by 47.6% to €6.2 billion over the same period.
The number of trades on Xetra increased 17.8% year-on-year to 18.5 million.
Equities was by far the best performer on its cash markets, but bond trading was substantially down, with the Eurex Bonds platform trading just €5.7 billion, down from €12.6 billion in May 2014.
Spain’s main stock exchange, BME, also reported strong trading activity in May, with turnover up 17% year-on-year to €84.3 billion. BME said it was the best May month on record since 2010.
The figures further strengthen BME’s total 2015 performance so far, which has seen €433.5 billion traded, up 27% on 2014.
There is also evidence that trades on BME have become larger overall, with trading volume down 11.9% on May 2014 at 4.4 million.
ETF trading volume in Spain was even more impressive, growing by 106% on May 2014 to €946 million.
However, similarly to Deutsche Boerse, its fixed income segment has suffered. Total trading of corporate debt in May was €57.7 billion, down 55% year-on-year, with a similar drop for 2015 as a whole.
However, new issues received a boost, totaling €76.7 billion, up 84% from May last year.