Exchange turnover in structured investment and leverage products on Europe’s
financial markets stood at EUR 27.6 billion at the end of September 2017. This represents a significant 6.0 percent increase year on year. Turnover fell 5.0 percent from the second quarter of the year. This is one of the outcomes of Derivative Partners AG’s analysis of the latest market data collected by the European Structured Investment Products Association (EUSIPA) from its members. The EUSIPA members providing information for the market report are: Zertifikate Forum Austria (ZFA), Belgian Structured Investment Products Association (BELSIPA), Association Française des Produits Dérivés de Bourse (AFPDB), Deutscher Derivate Verband
(DDV), Associazione Italiana Certificati e Prodotti di Investimento (ACEPI), Swedish Exchange-Traded Investment Products Association (SETIPA), Swiss Structured Products Association (SSPA) and the Netherlands Structured Investment Products Association (NEDSIPA).
Third-quarter turnover in investment products trading on European exchanges amounted to EUR 10.2 billion, 37.0 percent of the total. Exchange turnover was down 19.0 percent quarter on quarter, but up 4.0 percent on the same quarter of 2016.
Leverage product turnover (Warrants, Knock-Out Warrants, Factor Certificates, etc) totalled EUR 17.4 billion from July to September. This corresponded to 63.0 percent of aggregate turnover. Leverage product turnover was up 6.0 percent on the second quarter of 2017 and 7.0 percent year on year.