Xetra Gold achieves record turnover
Xetra-Gold top-performing exchange-traded commodity by far / New daily record turnover of 1.6 tons of gold on 30 September
(PresseBox) (Frankfurt am Main, )¤81 million in August and totaling around ¤142 million in September.
Xetra Gold achieved a market share of 46 percent based on all 114 exchange traded commodities listed at Deutsche Börse. In September, the market share of Xetra Gold in terms of order book turnover of the physically backed gold ETCs was 58 percent.
The strongest trading volume of any single day since Xetra Gold's launch was 30
September: A total turnover of 1.6 tons of gold was recorded on this day alone.
The total gold reserve at the issuer Deutsche Börse Commodities increased to 14 tons as of 8 October.
The physically backed debt instrument Xetra Gold was admitted for trading in December 2007 and has since become the commodity with the highest turnover of all exchange traded commodities listed and traded at Deutsche Börse.
About Deutsche Börse Commodities
Deutsche Börse Commodities GmbH is a joint venture between Deutsche Börse and its partners Bankhaus Metzler, Commerzbank, Deutsche Bank, DZ Bank, Vontobel and Umicore. The company was established in November 2007. With Xetra Gold, it offers innovative types of securitization for commodities and ensures cost-effective trading in an alliance with its partners. Xetra Gold is a physically backed bearer bond, with each unit certificate representing one gram of gold. The gold is held in custody at Deutsche Börse's subsidiary Clearstream.