Deutsche Börse’s Q3 2014 results have revealed an increase in net revenue that has been attributed in part to its Clearstream post-trade segment.
Overall net revenue increased 8 percent on last year’s Q3 figures, rising from €457.9 million to €496 million.
This is partially down the continued growth of Clearstream, which saw increases across the board in its September figures, including a 21 percent increase in the number of transactions processed through its investment fund services.
As well as seeing an increase in revenue, Clearstream passed the European Central Bank’s (ECB) stress test with good results in all scenarios. The test is designed to judge an institution’s resilience in case of another major financial crisis. Under the standard guidelines, Clearstream achieved a core tier 1-quota of almost 20 percent.
Deutsche Börse CFO and member of the executive board, Gregor Pottmeyer, said: “Trading activity on the group’s markets picked up significantly at the end of the third quarter. In combination with continuous growth at Clearstream and in the market data and services segment, this increased the group’s net revenue and earnings compared with the previous year.”
