Clearstream Reports Uptick in Turnover, Transaction Volumes in June

Deutsche Boerse AG’s Clearstream unit has reported its aggregated operational metrics for June 2020, which showed a strong performance when weighed against its counterparts a year ago.

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 €14.65 trillion in June, up five percent from €13.96 trillion the previous year.

As part of a trading and securities giant, Deutsche Börse Group – one of the largest exchange organizations in the world, Clearstream provides a range of services for the Eurobond market.

Elsewhere, securities held under custody in Clearstream’s international business as an international central securities depository (ICSD) rose slightly to €7.19 trillion in June 2020‎, higher by five percent year-over-year from €6.85 trillion.

In a similar vein, Clearstream’s international business processed 6.4 million transactions during the month ending June 2020, up 44 percent from 4.4 million in 2019.

A similar pattern was noted across the company’s securities held under custody in the German central securities depository (CSD) which rose in June 2020 to €4.85 trillion from €4.62 trillion in June 2019.

Exchange to unbundle Xetra and Eurex

Finally, Clearstream’s Investment Fund Services (IFS) processed 3.3 million transactions during June 2020‎, which reflected a rise of 60 percent year-over-year from 2.0 million transactions the year earlier.

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.

During the market turbulence, Deutsche Boerse’s Xetra and Eurex platforms, 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. At 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.

Two trading platform also failed at JPMorgan Chase & Co, including one that caters to wealth-management clients when the financial markets were in chaos last month.

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