Initial figures suggest Brexit trading volume boost

Increased trading volumes seen in Germany and Spain but industry still awaits London trading stats.

Trading volume on Germany’s major exchanges increased in June, though total order book turnover saw a significant dip compared to the same period last year.

Deutsche Boerse figures for June showed a total of 23.6 million trades were executed on its Xetra platform in June, up from 22 million last year. It’s unknown whether recent volatility as a result of the UK’s decision to leave the EU could be a factor, but many are expecting increased trading activity off the back of the news.

Turnover declined significantly year-on-year, indicating a large number of smaller trades were taking place. Total order book turnover was €134.9 billion, down from €149.3 billion in June 2015.

Cash markets accounted for €133.6 billion, exchange-traded products totalled €19 billion and bond trading turnover was 0.7 billion.

The only other European exchange to report its June trading figures so far, Spain’s BME, saw trading volume increase by 10.7% year-on-year in June, and up 51% from May. However it also saw the value of shares traded grow by 36.2% since June last year to €65.8 billion.

Key figures traders will be looking out for will be from the London Stock Exchange Group and Bats Global Markets, which between them see the bulk of UK equity trading activity. Brexit cause a significant increase in market volatility, with billions wiped off shares in London and around the world after the vote was announced on Friday, though they have since recovered somewhat, though experts expect markets could remain volatile for some time.