German Exchanges register significant volume increases in 1994; derivative products also experience strong growth.FRANKFURT--(BUSINESS WIRE)--Jan. 4, 1995--German financial markets finished 1994 in near record territory for total volume traded, with the equities exchanges surging approximately 9.1 percent from 1993 while, at the same time, contract volume at Deutsche Terminborse (DTB See Deutsche Terminbörse. ) jumped a robust 17.9 percent. Overall, total volume traded at the securities exchanges reached DM 7,497.2 billion ($4,868.3 billion) in 1994, exceeding its own record high of DM 6,867.3 billion ($4,459.2 billion) set in 1993. At DTB, contract volume jumped to 59.2 million last year from 50.2 million in 1993. Equities 1994 market a banner year for German stock exchanges. For the first time ever, total volume exceeded DM 2 trillion, finishing at DM 2,017.9 billion ($1,310.3 billion). The most heavily traded issues during the year were Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank AG and Daimler Benz AG. In addition, for the fourth consecutive year, the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. increased its share of the total German securities volume, accounting for approximately 74 percent of all transactions. The shares of stocks and bonds traded on the Exchange were roughly equal at 74.1 percent and 73.6 percent, respectively. Trading in equities was the strongest during the first half of 1994, with monthly volume the highest in March at DM 882.8 billion ($573.2 billion), followed by January, also at DM 882.8 billion. During the last six months, however, with the exception of December, volumes ranged between DM 540 billion and 580 billion. Bonds A major factor that helped push up the overall trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. was an increase in bond trading. In 1994, the volume in the trading of bonds rose a healthy 12 percent to DM 5,479.3 billion ($3,557.9 billion) from DM 4,881.4 billion ($3,169.7 billion) the previous year. Derivatives 1994 also saw a banner year at the Deutsche Terminborse, where the number of contracts traded jumped to 59.2 million from 50.2 million in 1993, an increase of 17.9 percent. Options Increased demand for hedging instruments on the derivatives market The derivatives markets are the financial markets for derivatives. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives. helped boost the overall trading volume in DAX options, making it Europe's most heavily traded index option product in 1994. The number of contracts jumped to 23.4 million from 21.4 million in 1993. During some months of 1994, trading in DAX options were so heavy that it exceeded the trading volume for futures. In addition, in 1994, DTB maintained its position as the leading European options exchange European Options Exchange (EOE) Now AEX-Optiebeurs. See: Amsterdam Exchanges (AEX). despite registering a decline in the trading volume, dropping to 33.7 million contracts in 1994 from 34 million the previous year. Futures On the futures market futures market, a commodity exchange where contracts for the future delivery of grain, livestock, and precious metals are bought and sold. Speculation in futures serves to protect both the developers and the users of the commodities from unfavorable and unpredictable , trading volume jumped by an impressive 57 percent, with 25.4 million contracts traded last year compared to 16.1 million in 1993. The Deutsche Borse AG is among the world's most diverse, liquid and cost-efficient financial markets offering the trading of securities through its Frankfurt Stock Exchange division and trading in futures and options through its Deutsche Terminborse division. Deutsche Borse AG is also a leading provider of electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. and clearing systems to stock futures and options exchanges worldwide. CONTACT: Deutsch Borse AG, Frankfurt Stefan Lutz, (069) 29977-528 or Trimedia Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Martin Mosbacher, 212/888-6115 |
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