Investment certificates and leverage products trading falls 23.7%

The volume of investment certificates and leverage products traded on European stock exchanges in the second quarter of 2012 was EUR 22.2 billion, 23.7 per cent lower than the first quarter, shown in European Structured Investment Products Association (EUSIPA) data and analysed by Derivative Partners Research AG.

The European stock exchanges recorded turnover of EUR 10.5 billion in investment products, a decline of 23.3 per cent from the previous quarter, 47.3 per cent of total turnover, while leverage products accounted for 52.7 per cent of total turnover. Stock exchange turnover fell by 23.9 per cent to EUR 11.7 billion.

At the end of June, 446,882 investment certifications and 528,647 leverage products were listed on stock exchanges in EUSIPA member countries.

Banks issued 461,329 new products in the period April-June, 15.6 per cent lower than the first quarter of 2012. Leverage products accounted for 72.2 per cent of the new issues, while investment products accounted for 27.8 per cent.

The product portfolio grew by 1.4 per cent compared to the previous quarter.

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