D.Boerse sees accelerating post-trade consolidation

FRANKFURT (Reuters) - Deutsche Boerse (DB1Gn.DE) expects consolidation to accelerate in the post-trade business, the German stock exchange operator, which also runs one of Europe's leading settlement houses, said on Friday.

"Consolidation will continue and is likely to accelerate in currently fragmented areas," Deutsche Boerse said in slides prepared for the group's investor day, noting that there are 17 Central Securities Depositories (CSDs) in the euro zone.

Deutsche Boerse also said total transaction costs were 83 percent higher on rival electronic cash equities trading platform Chi-X owned by Nomura Holdings' (8604.T) broker agency Instinet than on its own Xetra electronic order-matching system.

Chi-X has said its trading costs are one-tenth of what established exchanges charge and clearing up to two-thirds cheaper.

Deutsche Boerse said average daily turnover on Xetra was 7.6 billion euros (6 billion pounds) between April 1 and June 16 compared with 11.3 billion euros in the whole of the first quarter of 2008.

On the group's derivatives exchanges Eurex and ISE, average daily volume was 12.7 million contracts between April 1 and June 16 compared with 13.4 million in the first quarter.

Deutsche Boerse's shares traded 0.5 percent higher at 0718 GMT (8:18 a.m. BST), narrowly outpacing an index of the world's leading exchanges .FTMV which was up 0.2 percent.

(Reporting by Peter Starck)