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Security & Commodity Contracts Brokerage in Germany - Market Research Report (2014-2029)

Kai Buschbom-Helmke Kai Buschbom-Helmke Frankfurt, Germany Last Updated: January 2024 WZ K66.10DE

Revenue

€1.1bn

2024

€1.1bn

Past 5-Year Growth

Profit

€XXX.Xm

Employees

4,476

Businesses

201

Wages

€XXX.Xm

Security & Commodity Contracts Brokerage in Germany industry analysis

In the past five years, the stock exchange and broker industry has recorded an average annual increase in turnover of 1.9%, meaning that industry turnover in the current year is likely to amount to 1.1 billion euros. This corresponds to an increase of 4.6 % compared to the previous year. Over the past five years, the European Central Bank's zero interest rate policy has made alternative savings products less attractive, as they were hardly able to generate any returns. As a result, retail investors also increasingly invested their money in securities. In view of the coronavirus pandemic, the stock markets initially slumped in 2020, but recovered quickly and have since set new records. In 2020, around 2.7 million more retail investors held shares than in the previous year, which is partly due to the slump in share prices and the associated favourable entry into securities trading as well as people's greater interest in their finances. Online brokers in particular were able to expand their business significantly during the crisis and are particularly popular with younger people, as they offer easy access to the stock market and commission-free trading.In the past year, the outbreak of war in Ukraine led to a renewed slump in share prices. In view of rising inflation, the European Central Bank has also gradually raised the key interest rate since July 2022. This is likely to have a negative impact on the sector, as alternative savings products are becoming more attractive again. The pandemic led to a decline in sales for the exchange offices in the sector, as travelling was only possible to a very limited extent. However, significantly more foreign travellers are likely to come to Germany again this year.In the next five years, the industry is likely to achieve average annual sales growth of 1.8% and reach an industry turnover of 1.2 billion euros by 2028. New technologies such as blockchain and distributed ledger technology are likely to increasingly find their way into the industry. In addition, sustainability issues are likely to become increasingly important and corresponding financial products will be offered. Legislators have already decreed that transparency for investors will increase, making it easier for them to make sustainable investments.

Trends and Insights

  • The sector has benefited from the low base rate in recent years. This has made other investment products unattractive, as the returns on traditional savings products have shrunk enormously. However, the increase in the base rate has led to a decline in demand for industry services.
  • The largest share of industry turnover is generated by trading in financial derivatives. Securities trading also accounts for a considerable share of turnover.
  • Most of the stock exchanges and brokers are based in the centre of Germany. Most of the companies are located in Hesse, which is due to the fact that Frankfurt is the financial centre of the country and many banks and insurance companies are based here.
  • Fintechs are increasing the pressure on individual companies and claiming market share for themselves. Some of the fintechs entering the market are being bought up by established companies.

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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated €1.1bn in 2024.

Trends and Insights

The end of the low interest rate policy has a negative impact on sector development

  • In recent years, the sector has benefited from the low base rate, which has made other investment products increasingly unattractive as the returns on traditional savings products have shrunk enormously. This also tempted risk-averse investors to invest more of their money in equities alongside property and precious metals.
  • Additional trends and insights available with purchase
Security & Commodity Contracts Brokerage in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Distributed ledger technology is gaining in importance

  • Distributed ledger technology (DLT) is a technology for the decentralised storage of transaction data. It makes it possible to carry out transactions without having them verified by a third party, such as a clearing centre. This enables digital value transactions between parties who do not trust each other without the need to involve a trusted authority.

Biggest companies in the Security & Commodity Contracts Brokerage in Germany

Company
Market Share (%)
2023
Revenue (€m)
2023
Deutsche Börse AG
894.2
Boerse Stuttgart GmbH
51.5
Trade Republic Bank GmbH
9.3

To view the market share and analysis for all 3 top companies in this industry, view purchase options.

Products & Services Segmentation

Security & Commodity Contracts Brokerage in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Trading in financial derivatives, Securities trading and Commodity futures trading. Trading in financial derivatives is the largest segment of the Security & Commodity Contracts Brokerage in Germany.

Trends and Insights

In addition to derivatives, trading in financial derivatives also includes certificates

  • Derivatives are forward transactions that are linked to certain underlying assets of another financial product, from which the price of the derivatives is derived. The underlying product can be a share or bond, for example.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The industry comprises both the exchanges, which provide the respective trading platforms for securities transactions, and brokers, who act as sellers and buyers of securities. The latter also act as intermediaries by bringing buyers and sellers together and acting as brokers. The exchange transactions are carried out on behalf of third parties. The industry also includes bureaux de change.

What's included in this industry?

Trading in financial derivativesSecurities tradingCommodity futures tradingForeign exchange tradingCurrency exchange

Companies

Deutsche Börse AGBoerse Stuttgart GmbHTrade Republic Bank GmbH

Purchase this report to view all 3 major companies in this industry.

Related Terms

MARKET MAKERROBO-ADVISORALGORITHMBID-ASK-SPREAD

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The sector has benefited from the low base rate in recent years. This has made other investment products unattractive, as the returns on traditional savings products have shr...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The largest share of industry turnover is generated by trading in financial derivatives. Securities trading also accounts for a considerable share of turnover.

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Most of the stock exchanges and brokers are based in the centre of Germany. Most of the companies are located in Hesse, which is due to the fact that Frankfurt is the financi...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Fintechs are increasing the pressure on individual companies and claiming market share for themselves. Some of the fintechs entering the market are being bought up by establi...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

The only major player in the industry is Deutsche Börse AG. It has a market share of over 80 % and its Xetra trading system accounts for around 90 % of the shares traded on G...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Deutsche Börse AG's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Boerse Stuttgart GmbH's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Trade Republic Bank GmbH's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Deutsche Börse AG, and factors influencing its performance in the industry
  • Description and key data for Boerse Stuttgart GmbH, and factors influencing its performance in the industry
  • Description and key data for Trade Republic Bank GmbH, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The latest interest rate hikes by the European Central Bank pose a risk for the sector. If interest rates rise, equities become less attractive than alternative investment op...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Personnel costs are the biggest cost factor in the industry. Highly qualified employees who earn high salaries and commissions are required for the activities in the industry...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Security & Commodity Contracts Brokerage industry in Germany in 2024?

The market size of the Security & Commodity Contracts Brokerage industry in Germany is €1.1bn in 2024.

How many businesses are there in the Security & Commodity Contracts Brokerage in Germany industry in 2024?

There are 201 businesses in the Security & Commodity Contracts Brokerage industry in Germany, which has declined at a CAGR of 4.3 % between 2019 and 2024.

Has the Security & Commodity Contracts Brokerage industry in Germany grown or declined over the past 5 years?

The market size of the Security & Commodity Contracts Brokerage industry in Germany has been growing at a CAGR of 1.9 % between 2019 and 2024.

What is the forecast growth of the Security & Commodity Contracts Brokerage industry in Germany over the next 5 years?

Over the next five years, the Security & Commodity Contracts Brokerage industry in Germany is expected to grow.

What are the biggest companies in the Security & Commodity Contracts Brokerage market in Germany?

The biggest companies operating in the Security & Commodity Contracts Brokerage market in Germany are Deutsche Börse AG, Boerse Stuttgart GmbH and Trade Republic Bank GmbH

What does the Security & Commodity Contracts Brokerage in Germany include?

Trading in financial derivatives and Securities trading are part of the Security & Commodity Contracts Brokerage industry.

Which companies have the highest market share in the Security & Commodity Contracts Brokerage in Germany?

The company holding the most market share in Germany is Deutsche Börse AG.

How competitive is the Security & Commodity Contracts Brokerage industry in Germany?

The level of competition is high and increasing in the Security & Commodity Contracts Brokerage industry in Germany.

Related Industries

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Complementors

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International industries

View all industries in Germany

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.