Clearstream and Eurex lift Deutsche Boerse’s Q2 numbers

Clearstream and Eurex lift Deutsche Boerse’s Q2 numbers

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Deutsche Boerse’s revenue jumped 10% in the second quarter boosted by Eurex, Clearstream and its index and market data businesses.

Takings for the group, which received shareholder support this week for its purchase of the London Stock Exchange, topped €600m between April and June. Net profit rose by 21% to €219m.

Shareholders on both sides are now behind the LSE/Deutsche Boerse tie-up. 

Regulators around the globe still need to sign off the creation of what will be the dominant European market operator.

Deutsche Boerse also finalised the sale of International Securities Exchange (ISE) to Nasdaq during the second quarter, which meant a cash inflow for the German group of around €1bn.

Part of the cash will be used to fund outstanding private placements, chief financial officer Gregor Pottmeyer said in a statement, adding that the group is fully on track to achieve its full-year forecast.

Traded volumes in Eurex index derivatives, and in power and gas products at the European Energy Exchange, increased in Q2.

Clearstream's international business and the group's index unit, which is housed in the market data and services segment, also performed well.

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